The price was unable to overcome the primary daily resistance level, indicating a lack of bullish momentum.
Consequently, the market retreated from the resistance zone and is currently forming a triangle pattern.
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The price action exhibited a false breakout by forming a tweezer top candle formation at the resistance.
In my analysis, I anticipate a potential retest of the 2000 mark, with the possibility of a breakout from the ascending channel leading to a downward move.
Therefore, my target is set at the support zone around 2004-2005.
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