2600 critical support finally gave in to trigger a small sellout with lows around 2500.
The prevention of a close below this zone allowed a recovery to take place; note that critical resistance occurred at long-term low (solid red) which could be a sign of further correction to come (flip).
Keep an eye on current H4 candle close which could determine momentum based on the completion of a bearish piercing (~2580 line).
Overall not as volatile as I expected so far but the direction remains the same.
The prevention of a close below this zone allowed a recovery to take place; note that critical resistance occurred at long-term low (solid red) which could be a sign of further correction to come (flip).
Keep an eye on current H4 candle close which could determine momentum based on the completion of a bearish piercing (~2580 line).
Overall not as volatile as I expected so far but the direction remains the same.
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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.