A pattern breakout triggers quick recovery as we look to close above 1715 critical.
Expect new consolidation to hold between H4 20 and 50EMA with a possible neckline around 1730.
Since we did drop all the way to highlighted support there's still a good chance we see sideways action once volatility has stabilized.
We should look to keep above the solid blue line for as long as possible (until dashed red crossover) since this is part of the long-term descending pattern.
www.tradingview.com/chart/gDBkksfy/
Expect new consolidation to hold between H4 20 and 50EMA with a possible neckline around 1730.
Since we did drop all the way to highlighted support there's still a good chance we see sideways action once volatility has stabilized.
We should look to keep above the solid blue line for as long as possible (until dashed red crossover) since this is part of the long-term descending pattern.
www.tradingview.com/chart/gDBkksfy/
