A strong hold at the prior pattern average (dashed yellow) prevents further sellout, bringing us to new pattern average (lower dashed purple).
Closes remain below the dashed blue pattern line; expect continuation of yesterday's first scenario.
Although not that large of a gap look to keep above 1750 for the best recovery chance.
Refer to the dashed blue line as downtrend average and lower dashed purple line as uptrend average.
Essentially we want to make it above the uptrend.
www.tradingview.com/chart/gDBkksfy/
Closes remain below the dashed blue pattern line; expect continuation of yesterday's first scenario.
Although not that large of a gap look to keep above 1750 for the best recovery chance.
Refer to the dashed blue line as downtrend average and lower dashed purple line as uptrend average.
Essentially we want to make it above the uptrend.
www.tradingview.com/chart/gDBkksfy/
