Price is currently reacting around the listed price / origin level
This level has limited historical validation as support and should be treated as a reaction zone, not a confirmed long-term support.
Recent price action shows a strong move below this level followed by a reclaim, suggesting a possible deviation.
However, deviation alone does not confirm a structural shift.
From here, a short-term continuation toward local resistance is possible.
For any meaningful bullish continuation, price needs to reclaim and hold above that resistance.
As long as price remains below resistance, this move should be treated as a reactive bounce within a broader bearish structure, not a confirmed reversal.
This is a key decision area.
Let acceptance and structure confirm the next move.
Do you see this as a deviation reclaim, or just a temporary reaction?
MrC
This level has limited historical validation as support and should be treated as a reaction zone, not a confirmed long-term support.
Recent price action shows a strong move below this level followed by a reclaim, suggesting a possible deviation.
However, deviation alone does not confirm a structural shift.
From here, a short-term continuation toward local resistance is possible.
For any meaningful bullish continuation, price needs to reclaim and hold above that resistance.
As long as price remains below resistance, this move should be treated as a reactive bounce within a broader bearish structure, not a confirmed reversal.
This is a key decision area.
Let acceptance and structure confirm the next move.
Do you see this as a deviation reclaim, or just a temporary reaction?
MrC
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.