Resistance held in at 1150 critical causing a dip back to long-term trendline (purple); support at this zone has kickstarted recovery to 1200-1250 neckline.
Keep in mind that a breakout may or may not occur off this potential push and refer to yesterday's post for given scenarios.
In the case price is rejected look for a close below pattern support and ultimately long-term trendline.
The goal here is for price to maintain position until pattern support crosses above long-term trendline which would provide a defiant layer of support (low) if a dip occurs.
Keep in mind that a breakout may or may not occur off this potential push and refer to yesterday's post for given scenarios.
In the case price is rejected look for a close below pattern support and ultimately long-term trendline.
The goal here is for price to maintain position until pattern support crosses above long-term trendline which would provide a defiant layer of support (low) if a dip occurs.
