Another rejection at the solid blue line sends price back to 1715. A possible flip attempt is underway although support may be adjusted to current value.
Lows are indicated around the solid yellow line, or 200EMA, which should serve as a critical reference for any future correction.
Remember that the dashed yellow line acts as highlighted pattern average and should be the final resort if a bearish breakout does occur.
Closing below this zone would likely trigger continued sellout towards highlighted support (mid-to-low 1400s).
Lows are indicated around the solid yellow line, or 200EMA, which should serve as a critical reference for any future correction.
Remember that the dashed yellow line acts as highlighted pattern average and should be the final resort if a bearish breakout does occur.
Closing below this zone would likely trigger continued sellout towards highlighted support (mid-to-low 1400s).
