On D1 the outlook and situation is in the hands of bears. There is no big buyer on the market, who could turn the market around (not yet). Accordingly, a correction is forming due to liquidity captured by the false breakdown relative to 2335. Within the counter-trend correction, the price may test the density zone of 2354 before further declines. A pre-breakdown consolidation or a quick retest of 2335 will form the potential for further decline.
Resistance levels: 2354, 2374
Support levels: 2335, 2306
False breakdown and stop from 2335 is most likely temporary. Keep an eye on local resistances, a false breakdown could be a motivation for sellers.
Regards R. Linda!
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