Seems we have experienced a double top recently on the charts, followed by a trend and a support break.
Watching RSI very closely for a break of the 50, but at this stage it looks like the retest of resistance at 2.199T hasn't gone well, pushing back down to 2.04T.
Right now, if we don't clear this 2.199T level, I'm expecting a landing zone around 1.81T as a first move. Will need to reassess after that.
What are you seeing on the chart today?
Watching RSI very closely for a break of the 50, but at this stage it looks like the retest of resistance at 2.199T hasn't gone well, pushing back down to 2.04T.
Right now, if we don't clear this 2.199T level, I'm expecting a landing zone around 1.81T as a first move. Will need to reassess after that.
What are you seeing on the chart today?
Note
Landing zone hit
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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.