Is this support?
Price tested support (529.10) and for now it it holding it. Next crucial zone is marked with blue box and there I expect some action which will lead to the next move.
we see rejection on that zone that will probably lead it to the testing support again and even losing it. In that case I expect that next support will be at 520 or even 510.
In bullish scenario we would like to see price accumulation in blue box before testing next resistances. Other bullish scenario is that price pass over blue box and that could became new support.
we see rejection on that zone that will probably lead it to the testing support again and even losing it. In that case I expect that next support will be at 520 or even 510.
In bullish scenario we would like to see price accumulation in blue box before testing next resistances. Other bullish scenario is that price pass over blue box and that could became new support.
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