The failure of the 200ema saw price reach the 300ema.
Price is currently held up by a small yet notable buy positive volume shelf.
(See the values of the VPVR on the right)
If we fail the 300, we go down to the 400
where there is a new buy positive shelf that is much larger and more
supportive as noted by the range size.
Currently, the volume indicates that IF we fail the 300ema
we may see the triple bottom at 5900, I speculate we don't drop past 6.4k
Price is currently held up by a small yet notable buy positive volume shelf.
(See the values of the VPVR on the right)
If we fail the 300, we go down to the 400
where there is a new buy positive shelf that is much larger and more
supportive as noted by the range size.
Currently, the volume indicates that IF we fail the 300ema
we may see the triple bottom at 5900, I speculate we don't drop past 6.4k
