More consolidation at long-term trendline as we make our way closer to another potential breakout point.
The buffer zone indicated at the lower trendline has been moved for reference + to estimate the current low.
We can now see H1 200EMA making it's way towards the upper extreme which should be seen as new critical support (vs 1500).
Dipping below this zone could be problematic for future (short-term) recovery.
The buffer zone indicated at the lower trendline has been moved for reference + to estimate the current low.
We can now see H1 200EMA making it's way towards the upper extreme which should be seen as new critical support (vs 1500).
Dipping below this zone could be problematic for future (short-term) recovery.
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