Enbridge in a heavy support/resistance zone. Looking for <38.85

Looking for short confirmed breakdown below 38.85. Below that there is no support until around 38.22.

Indicators:
1. Double bounce off upper down trend
2. Didn't sustain rally after earnings
3. Broke bullish 4H MA down
4. Currently in a 4H downtrend and creeping on the convection point

No RSI confirmation either way, indicator is neutral.

Yorum:

Good downward move early today. We'll see if it extends.

Yorum:

Yorum:

Confirmed break down, next target is around the 38 level.