Quite the recovery so far as price is sent straight through 2500 with highs just short of 2700.
A look at H4 today shows the finalized long-term wedge resistance + an overview of past PA.
The critical priceline at 2595 was adjusted to 2585 and indicates current long-term support.
All other pricelines have been kept the same with 2750 as the next critical resistance marker.
If we manage to flip this zone expect consolidation to hold between 2750-2950(3000).
Also, as a reminder, there are not many pricelines indicated between 2380-3000.
This is possibly due to past laziness but I believe it could relate to a higher level of volatility.
www.tradingview.com/chart/gDBkksfy/
A look at H4 today shows the finalized long-term wedge resistance + an overview of past PA.
The critical priceline at 2595 was adjusted to 2585 and indicates current long-term support.
All other pricelines have been kept the same with 2750 as the next critical resistance marker.
If we manage to flip this zone expect consolidation to hold between 2750-2950(3000).
Also, as a reminder, there are not many pricelines indicated between 2380-3000.
This is possibly due to past laziness but I believe it could relate to a higher level of volatility.
www.tradingview.com/chart/gDBkksfy/
