Price rejected at neckline to continue pattern fill out with 1150 critical acting as first major support zone.
It's highly likely that we see further decline to pattern support and possibly lower long-term trendline (purple).
Overall this seems like a bullish reversal with breakout sometime mid-to-late July.
Keep an eye on any closes (H4/H1) below lower long-term trendline as that may indicate a change in momentum.
It's highly likely that we see further decline to pattern support and possibly lower long-term trendline (purple).
Overall this seems like a bullish reversal with breakout sometime mid-to-late July.
Keep an eye on any closes (H4/H1) below lower long-term trendline as that may indicate a change in momentum.
