Resistance held in at upper long-term trendline causing enough sell momentum to drop price back within pattern.
Support should be noted at the uptrend average (dashed) and 1150 critical, and a potential breakout could occur soon between the two blue lines (resistance + uptrend).
Another bottom is still possible so remain cautious when trading and look for flips at either upper long-term trendline or 1150 critical to help determine future PA.
Support should be noted at the uptrend average (dashed) and 1150 critical, and a potential breakout could occur soon between the two blue lines (resistance + uptrend).
Another bottom is still possible so remain cautious when trading and look for flips at either upper long-term trendline or 1150 critical to help determine future PA.
