Price struggles to hold above prior pattern average (dashed yellow) leaving us in a non-ideal position for recovery.
A potential double-bottom off 1725 has been indicated as a last resort before descent towards 1600.
With 20EMA now below both uptrend (dashed purple) and downtrend (dashed blue) averages the goal should be focused realignment.
This should be triggered if daily (current candle) closes at/above dashed yellow.
www.tradingview.com/chart/gDBkksfy/
A potential double-bottom off 1725 has been indicated as a last resort before descent towards 1600.
With 20EMA now below both uptrend (dashed purple) and downtrend (dashed blue) averages the goal should be focused realignment.
This should be triggered if daily (current candle) closes at/above dashed yellow.
www.tradingview.com/chart/gDBkksfy/
