Support at 2600 holding in so far; a few lows around 2550 occurred once we passed the former short-term pattern, possibly indicating further correction underway. ***
See 1/31 post for outlined prediction + D1 pattern. Note that since we hit neckline (2750 -> 2750-2800) consolidation could extend until EOM (2/27) based on a 2750 'low'.
If neckline 'high' (2800) is used, expect possible consolidation until early March (3/03).
*** Based on yesterday's post, a close under the highlighted orange zone (~2650) could trigger a bearish breakout.
See 1/31 post for outlined prediction + D1 pattern. Note that since we hit neckline (2750 -> 2750-2800) consolidation could extend until EOM (2/27) based on a 2750 'low'.
If neckline 'high' (2800) is used, expect possible consolidation until early March (3/03).
*** Based on yesterday's post, a close under the highlighted orange zone (~2650) could trigger a bearish breakout.
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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.