Lesson learned, zoom out. Monthly view. And yes sure, hindsight is 20/20, however, we oculd have seen this coming at the beginning of this monthly period. Lesson learned.
@sbozorgam, Hi there. If you now zoon in to the 1w view. You can see 11-18th Jan is preceded by an upward trend that gets rejected.... then a drop, followed by a supportive doji and then a reversal.
That time period of 11-18th Jan, those two lowering candles make a next zone on the weekly time frame where we could easily drop to 32.
So, in summary; that range is 32-38 approx. We are currently dippin in. Ideally, we do not want to go below 32. If we do, we reassess and look to next lower levels s/r etc.
padraigcarroll
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@sbozorgam, and we are now bouncing, it went just below the 32, and it looks like a rebound is happening now