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The support and the resistances are identified as the 38.2 percent and the 50 percent projection levels of an upward wave C from $5.06-1/2. This wave is capable of travelling into a range of $5.28-1/2 to $5.42-1/2.
The sideways move on Oct. 16 is regarded as a pullback towards a falling trendline. The pullback could have more or less completed.
A break below $5.20-1/4 could cause a loss to $5.14-3/4.