Local breakdown confirmed after losing support, with no clear reversal signal yet. Structure favors a continued move lower toward the equal lows around 30.64. Momentum is still to the downside, so no reason to anticipate a bounce early.
Plan:
• Main target: EQ lows zone (~30.64)
• If monthly S/R at 28.45 doesn’t hold, further downside opens up
• No long setups until a reaction and reclaim of a key support
Plan:
• Main target: EQ lows zone (~30.64)
• If monthly S/R at 28.45 doesn’t hold, further downside opens up
• No long setups until a reaction and reclaim of a key support
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.