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The support and the resistance are identified as the 38.2 percent and the 50 percent projection levels, respectively, of an upward wave C from $5.05-1/4.
Working together with the resistance is another similar established by a short falling trendline. Even if the wave C looks too short to have completed, it may only extend after the current correction.
A break below $5.19 could cause a loss to $5.13-1/2, while a break above the trendline could lead to a gain to $5.32-3/4.