Bearish Break-down through Major levels and Moving averages
The 200ma/ema for the minute chart has provided key support throughout this rally, but price movements broke down harshly through them along with S/R levels (168.15/16 level especially)
Previous support levels along with MAs have now shifted to resistance. This looks like the turn the bears have been looking for.
Previous support levels along with MAs have now shifted to resistance. This looks like the turn the bears have been looking for.
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.