Resistance held in at 1900 as price falls below 1700 yet still within the indicated uptrend.
Recovery is still possible with uptrend average acting as critical resistance; keep in mind that transitioning towards 1800 will eventually close the breakout gap.
Further momentum below this zone would likely send us towards 1500 critical however the blue trendline signifies the uptrend extreme low which still allows recovery.
Note that this is an estimated line and plays off a bottom-like scenario.
Recovery is still possible with uptrend average acting as critical resistance; keep in mind that transitioning towards 1800 will eventually close the breakout gap.
Further momentum below this zone would likely send us towards 1500 critical however the blue trendline signifies the uptrend extreme low which still allows recovery.
Note that this is an estimated line and plays off a bottom-like scenario.
