Price is still in an uptrend, I just realized that price didn't retest a structure it broke in the past. Recently price broke structure and formed a double top but price never confirmed that structure as it fell and ended up retesting the double bottom it formed on the 2nd of March. Price got to that structure and retested it, before it reversed it formed a...
Price has broke structure and confirmed it by retesting the support it broke as resistance. Its possible price can retrace to retest structure to continue down. On lower time frame price does look a little corrective so its possible price can reverse to the 150.250 - 150.750 price range then drop down to around 147.500
Price formed a tweezer bottom at support, its indicating bulls still have strength. The next area bulls can push price to is possibly 152.500. Note: GJ is still in an uptrend because price did not break any major structure levels (HL)
Theres multiple scenarios that can play out 1. price can fall to structure that hasn't been retested after price broke it then move back up 2. price can break support, then come back and retest it and continue the fall which could indicate a shift in trend 3. price can test support, break resistance then retest it and continue the up trend - DPFX