Back to wider timeframe the nearest stronger support is the dashed green curve. As market failed to break up and got inside triangulation again bears have a chance to strike back once this support is broke down. There is plenty of harmonics here, so the market could still continue sideways from harmonic to the next harmonic as it is doing for the past month.
Zoom in:
Zoom in:
Note
Broke down, but as I said, still lots of harmonics on place, next harmonic will publish on next idea.
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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.