I see that with the advent of Flying candle or DIP in the Daily Time Frame under the , that interpret the possibility of decline price to stop. Need a reversal formation at least at the current 1H Time Frame (when I wrote this analysis) tend to form inverse H & S.
If this is true, it is necessary to test the level of $ 1,280 to make a confirmation of whether the price will go down again or its a sign from Falling Knife formation. Above $1,280 there are a estimation of pullback level @ $1,310.
In my perspective, the LONG position is between $1,250 - $1,253 with SL @ $1240
1. Please make the correction of Average To Goes Upward @ $1,360 to be @ $1,260 and Average To Goes Downward @ $1,276 to be @ $1,392
2. The Falling Knife formation basically is reversal formation but some time it can be continuation, therefore watch @ $1,260 level
I Apologize for the error that occurred
From The Desk Of A Newbie