Breaking below that support was not great for the bulls...either is the current rejection ATM of this. If this level stays flipped this retest could be a throw back to test for interest at this area. If rejected, could see a 1$ retest minimum im thinking so it can test the low of the range. Bulls want to reclaim this level as support and move away ASAP. MO. This could be just a sweep of the low before moving higher, so again it would start off by moving up and away from here. There are some bullish div on the 4 HR rsi and on the Elliott wave side a bit unclear for me but looks like the last move came down in a 3 wave so looking for clarity.
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More on the TradeDevils Discord discord.gg/p9bjnpwnMc
Trade Devils University Sensei: tradedevils.com/my-account/?ref=ebquu4
Certified Elliott Wave Analyst Master: t.co/2GQ7uSjJVG?amp=1
Trade Devils University Sensei: tradedevils.com/my-account/?ref=ebquu4
Certified Elliott Wave Analyst Master: t.co/2GQ7uSjJVG?amp=1
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.