Consolidation manages to hold around H1 200EMA after yesterday closes below daily piercing.
At this point there's a good chance we continue to 2230-2145 especially if EMA crossover occurs.
However even if momentum is bearish at the start of the year I don't expect any definite changes unless we close below pattern.
A look at D1 may indicate a larger scale wedge with a bullish exit. If this is the case then note that pattern support may be adjusted from 2145 to 2165.
www.tradingview.com/chart/gDBkksfy/
At this point there's a good chance we continue to 2230-2145 especially if EMA crossover occurs.
However even if momentum is bearish at the start of the year I don't expect any definite changes unless we close below pattern.
A look at D1 may indicate a larger scale wedge with a bullish exit. If this is the case then note that pattern support may be adjusted from 2145 to 2165.
www.tradingview.com/chart/gDBkksfy/
