Price remains within the orange highlight after a few short-lived breakout attempts.
Consider this still as a safe zone for recovery but note the number of resistance layers needed to make it back to 200EMA.
The prior solid red line has been adjusted slightly higher to re-represent green consolidation average while the original was kept for an additional critical point.
We may need to drop back to the lower solid green in order to trigger the required momentum.
www.tradingview.com/chart/gDBkksfy/
Consider this still as a safe zone for recovery but note the number of resistance layers needed to make it back to 200EMA.
The prior solid red line has been adjusted slightly higher to re-represent green consolidation average while the original was kept for an additional critical point.
We may need to drop back to the lower solid green in order to trigger the required momentum.
www.tradingview.com/chart/gDBkksfy/
