Solarwinds Technical Analysis: Throwback before Resumption!

So far the latest decline was probably a retest to the broken resistance level, which is a usual phenomena in price action, as price retests broken resistance levels, which turn to support in most cases( I say in most cases cause there is always a percentage of failure)

Accordingly. the price is likely to remain supported in the near term target the top of the channel and possibly 60.95 major high. Note that a break below the rising trend line for the channel will probably reverse the bias to bearish.

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