Bottom continuation rejected after 1845 support fails to hold triggering another EMA crossover.
Momentum has brought us back to the dashed blue line as we look to test 50EMA strength.
Further crossover would likely send us back within the highlighted zone which is not a great position for recovery.
The solid blue line is still considered as last resort but we should look to avoid re-entry overall.
The newly added green line indicates another resistance layer based on prior PA which can be used as a "low" high.
www.tradingview.com/chart/gDBkksfy/
Momentum has brought us back to the dashed blue line as we look to test 50EMA strength.
Further crossover would likely send us back within the highlighted zone which is not a great position for recovery.
The solid blue line is still considered as last resort but we should look to avoid re-entry overall.
The newly added green line indicates another resistance layer based on prior PA which can be used as a "low" high.
www.tradingview.com/chart/gDBkksfy/
