Hi guys,

The purple line below comes from 2015 low so I expect to be a very strong support.

We are being supported by the descending trendline support of the channel as well as the blanc and red supports drawn in the chart.

In the event that it fails to hold we will have the purple support and after all the correction it looks like it is about time to reverse. I'm considering longs in stakes to make sure I can join the rally and these levels.

Cheers.
Trend Analysis

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