Price rejected around 3200 to possibly solidify a neckline high within another potential recovery pattern.
Outlined are two general paths we could take if another correction takes place. The first has support holding at long-term trendline (solid purple), while the second is off a previous bottom zone. The arrows further indicate these areas, where a close below (H1+ depending on volatility) would determine if we drop to the next.
If we break 3200-3250, look to push to ~3400 before further resistance.
Outlined are two general paths we could take if another correction takes place. The first has support holding at long-term trendline (solid purple), while the second is off a previous bottom zone. The arrows further indicate these areas, where a close below (H1+ depending on volatility) would determine if we drop to the next.
If we break 3200-3250, look to push to ~3400 before further resistance.
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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.