A tough breakdown after daily failed to close above 20EMA causing a 20-to-50EMA crossover.
Support at 1885 briefly held before dropping to what's now below the prior outer descending resistance.
Price still holds above 200EMA which is a good sign for recovering above pattern.
We should look to close above this line and eventually align/cross the two points (pattern/200EMA).
www.tradingview.com/chart/gDBkksfy/
Support at 1885 briefly held before dropping to what's now below the prior outer descending resistance.
Price still holds above 200EMA which is a good sign for recovering above pattern.
We should look to close above this line and eventually align/cross the two points (pattern/200EMA).
www.tradingview.com/chart/gDBkksfy/
