Price managing to hold in after a few closes below 1650 with a low at the intersection of inner long-term pattern and long-term trendline (LTT).
Ideally, we should be looking to continue symmetrical fill out between the newly indicated trendline and inner pattern (orange), using LTT (purple) for closes.
If support fails at this zone we could be looking at a double-top scenario which would likely break the ascending pattern and reject the current flip attempt.
Ideally, we should be looking to continue symmetrical fill out between the newly indicated trendline and inner pattern (orange), using LTT (purple) for closes.
If support fails at this zone we could be looking at a double-top scenario which would likely break the ascending pattern and reject the current flip attempt.
