- As shown in the chart 1488/1490 has previously acted as strong support prior to price breaking lower through it
- This level now appears to be acting as new resistance
- Within the Descending Wedge pattern, price has clearly rejected this level due to the evident wick on the last 4 hour candle
- This level now appears to be acting as new resistance
- Within the Descending Wedge pattern, price has clearly rejected this level due to the evident wick on the last 4 hour candle