A close at 1805 was enough to prevent sellout beyond the dashed blue line as price makes it's way back above 200EMA.
However given the lack of buy-momentum the bottom pattern has been adjusted using the green trendline as new resistance (see H4).
Based on this descending triangle scenario + direction of entry it's possible we could be leaning towards a new recovery phase.
Continue to use the dashed blue line as the critical support indicator.
www.tradingview.com/chart/gDBkksfy/
However given the lack of buy-momentum the bottom pattern has been adjusted using the green trendline as new resistance (see H4).
Based on this descending triangle scenario + direction of entry it's possible we could be leaning towards a new recovery phase.
Continue to use the dashed blue line as the critical support indicator.
www.tradingview.com/chart/gDBkksfy/
