Resistance holding in around 1650-1700 to continue sideways action; support still maintaining at lower extreme.
If we can keep above current zone it's possible we see another push towards upper long-term trendline with an estimated high now around 1900.
If rejected we would look towards 1500 support with the assumption that lows could dip below but close should remain at or above.
If further rejected then we could form into a second bottom-scenario to 1k which was previously stated but dismissed due to recent PA.
In short, keep an eye out for any closes in regards to the highlighted region as this could signify movement towards the next price level.
(i.e.) a close below lower extreme could indicate further movement towards 1500 (use H1 if volatility is high and H4 when steadier)
If we can keep above current zone it's possible we see another push towards upper long-term trendline with an estimated high now around 1900.
If rejected we would look towards 1500 support with the assumption that lows could dip below but close should remain at or above.
If further rejected then we could form into a second bottom-scenario to 1k which was previously stated but dismissed due to recent PA.
In short, keep an eye out for any closes in regards to the highlighted region as this could signify movement towards the next price level.
(i.e.) a close below lower extreme could indicate further movement towards 1500 (use H1 if volatility is high and H4 when steadier)
