Frontkn 0128
Overall prices are in a strong uptrend. However, if you notice carefully the chart starts to form weakness as the first lower high had formed after the all time high Fibo Resistance 0.382 was tested. Tested Twice somemore, which indicates that prices are indeed unable to breakthrough that fibo level.
Prices rallied all the way down respecting the Gan Area between the 2/1 and the 3/1 Area, tested multiple times and today we see a red doji appearing again exactly at the 2/1 area. Prices are now approaching the Triangle of Truth. The Triangle of Truth is where the bankers will determine whether they should continue pushing the prices up OR just let it go and allow prices to break below the Fibo Support Zone and tank all the way down.
A moment of truth.
Breakdown? Run
Breakup? Happy
Industry: Semiconductors.
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