Potential reversal underway as we make our way back towards LT trendline.
Marked out is a more long-term double-top formation since we managed to hold 1700 support, this is also roughly where neckline is located (1720).
I don't believe we're seeing a permanent reversal but rather a prolonging of the current bearish cycle.
Continue to expect major testing within the highlighted zone.
Marked out is a more long-term double-top formation since we managed to hold 1700 support, this is also roughly where neckline is located (1720).
I don't believe we're seeing a permanent reversal but rather a prolonging of the current bearish cycle.
Continue to expect major testing within the highlighted zone.
