A solid flip off yesterday's final candle closes daily well above the expected marker and positions us back within the highlighted region.
D1 indicates a bullish piercing reversal with resistance holding around 1610 and correction to roughly the inner long-term trendline.
To avoid a bearish piercing scenario we should look to hold above 1575 critical. This would likely trigger another push to 1650.
D1 indicates a bullish piercing reversal with resistance holding around 1610 and correction to roughly the inner long-term trendline.
To avoid a bearish piercing scenario we should look to hold above 1575 critical. This would likely trigger another push to 1650.
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