Rejection at 3615 prevents 50EMA alignment sending price back within the ascending pattern.
With final breakout closing in we should aim to push above 200EMA to avoid EMA convergence.
Ultimately look to sustain 3500 until pattern crossover for the best recovery chance.
Keep in mind that signs at this time lean towards a pattern breakdown.
A marker has been added to indicate where we should look to close weekly if this occurs.
www.tradingview.com/chart/gDBkksfy/
With final breakout closing in we should aim to push above 200EMA to avoid EMA convergence.
Ultimately look to sustain 3500 until pattern crossover for the best recovery chance.
Keep in mind that signs at this time lean towards a pattern breakdown.
A marker has been added to indicate where we should look to close weekly if this occurs.
www.tradingview.com/chart/gDBkksfy/
