Another dip off yesterday's candle to send us back below 2600 and yet again prevent a breakout attempt to long-term trendline (solid purple).
Extending both the short-term triangular resistance and long-term low (solid red) trendlines displays current price consolidation zone.
Don't be surprised if we continue to drop to next critical support at 2500 (or ~2450 low); I know I'm keen on intersections but I do believe this would be the point of contact (arrow). The additional correction could also set us up for a double-bottom recovery (last chance possibly?).
Failing to hold 2500, or prior low, would be a signal of further sellout to come imo with next critical around 2400-2350.
Extending both the short-term triangular resistance and long-term low (solid red) trendlines displays current price consolidation zone.
Don't be surprised if we continue to drop to next critical support at 2500 (or ~2450 low); I know I'm keen on intersections but I do believe this would be the point of contact (arrow). The additional correction could also set us up for a double-bottom recovery (last chance possibly?).
Failing to hold 2500, or prior low, would be a signal of further sellout to come imo with next critical around 2400-2350.
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.