Price maintaining at long-term low (solid red) as we attempt to make a reversal; note that H4 closes held above this line which is the reason we haven't dipped further yet.
A close below could send us to 2400-2350 -> 2200 -> possibly 2000-1800 range {3/04}.
If we make a push, price could hover between solid blue and red lines for a week or so with dashed blue line -> solid purple line/200EMA as critical resistance/support.
A close below could send us to 2400-2350 -> 2200 -> possibly 2000-1800 range {3/04}.
If we make a push, price could hover between solid blue and red lines for a week or so with dashed blue line -> solid purple line/200EMA as critical resistance/support.
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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.