Price continues to hold below long-term trendline (purple)/20EMA but support still remains at the lower buffer (dashed).
At this point there's a chance we could see some recovery if consolidation maintains within the blue pattern (lower buffer to 1570).
Here the lower buffer acts as an average and also likely indicates the last chance we have to hold this zone before a drop to 1500.
See attached H1 for a clearer visual.
At this point there's a chance we could see some recovery if consolidation maintains within the blue pattern (lower buffer to 1570).
Here the lower buffer acts as an average and also likely indicates the last chance we have to hold this zone before a drop to 1500.
See attached H1 for a clearer visual.
Comment:
