Failed breakout at 2100 to send us back to 2k and lower.
Price seems to be maintaining within triangular pattern extremes (green) but keep in mind that the current candle just opened.
Based on recent PA and the fact that we're gravitating towards these extremes means that future direction is not entirely clear as both sides maintain their outer position.
It's possible that current close could aid in determining this momentum.
If current close holds around 1900 (neckline) we could develop a double-top pattern; if we hold within outer pattern there's a chance at some sort of recovery.
Price seems to be maintaining within triangular pattern extremes (green) but keep in mind that the current candle just opened.
Based on recent PA and the fact that we're gravitating towards these extremes means that future direction is not entirely clear as both sides maintain their outer position.
It's possible that current close could aid in determining this momentum.
If current close holds around 1900 (neckline) we could develop a double-top pattern; if we hold within outer pattern there's a chance at some sort of recovery.
