Strong support at 2500 prevents continuation of the double-top with price back above short-term EMAs.
Wedge resistance has been adjusted slightly to align with recent closes and provides additional support due to the earlier crossover.
With 200EMA closing in on the current D1 piercing point (dashed red) we can expect another attempt at recovery, likely via a flip at 2585.
www.tradingview.com/chart/gDBkksfy/
Wedge resistance has been adjusted slightly to align with recent closes and provides additional support due to the earlier crossover.
With 200EMA closing in on the current D1 piercing point (dashed red) we can expect another attempt at recovery, likely via a flip at 2585.
www.tradingview.com/chart/gDBkksfy/
