Price dipped as anticipated, but broke through support and is now being rejected by that same support.
Good news is that an ABCD pattern has formed, while stochastic has reset and momentum slightly curling back up.
New support is at 0.5 fib and kijun. If that support were to fail, we could be testing the head area again as its a low volume node area from the 0.5 fib/kijun to the head.
Good news is that an ABCD pattern has formed, while stochastic has reset and momentum slightly curling back up.
New support is at 0.5 fib and kijun. If that support were to fail, we could be testing the head area again as its a low volume node area from the 0.5 fib/kijun to the head.