A rough start to the month after price fails to push 200EMA resulting in an H1 and D1 crossover.
Given that the second red daily fell below the prior green body a rising three is no longer valid.
Assuming today closes in the red we can expect tomorrow to drop as low as 1545.
In order to keep recovery chances we should look to close both days above the dotted green line (not shown) which is around 1570-1580.
www.tradingview.com/chart/gDBkksfy/
Given that the second red daily fell below the prior green body a rising three is no longer valid.
Assuming today closes in the red we can expect tomorrow to drop as low as 1545.
In order to keep recovery chances we should look to close both days above the dotted green line (not shown) which is around 1570-1580.
www.tradingview.com/chart/gDBkksfy/
