Price has now reached an ideal resistance zone, aligning with the 2024 summer top, where a bounce (wave B) is to complete itself.
As long as price remains below the 425 level, I see the odds favoring another leg lower, targeting the macro support zone around 300–270.
Thanks for your attention and best of luck with your trading!
As long as price remains below the 425 level, I see the odds favoring another leg lower, targeting the macro support zone around 300–270.
Thanks for your attention and best of luck with your trading!
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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.