Further correction underway as daily MACD triggers convergence phase.
A quick dip and recovery to wedge support (slightly adjusted) could set us up for a potential hammer reversal if we can hold here.
Expect resistance between 3800 and 3900, with support continuing along 3750 and the lower wedge trendline.
A quick dip and recovery to wedge support (slightly adjusted) could set us up for a potential hammer reversal if we can hold here.
Expect resistance between 3800 and 3900, with support continuing along 3750 and the lower wedge trendline.
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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.