The sharp pullback weve just seen shows a heavy selling presence around this mark, but we still have to remain open for wick fishing around the key level just above up to $10,900. The reason being is the perfect tap of $10,500 which was only recently a very solid level of resistance, now turned support. Only upon a major breakout of this level would we consider this setup invalid completely.
Even in the event price breaks higher, I believe the broken trendline shown will see an attempted retest should the market begin gearing for a bigger push to the upside.
Even in the event price breaks higher, I believe the broken trendline shown will see an attempted retest should the market begin gearing for a bigger push to the upside.
