Price rejected at 1800 as we dip below buffer with tests around 200EMA.
Based on recent posts and PA this could be the start of a second bottom-like scenario (1800 neckline) if price fails to hold at current zone or marked ~1670 priceline.
Keep in mind that the solid black trendline is uptrend average while the orange lines are upper and lower averages.
The highlighted area indicates the assumed 'danger zone' in terms of bearish continuation.
Based on recent posts and PA this could be the start of a second bottom-like scenario (1800 neckline) if price fails to hold at current zone or marked ~1670 priceline.
Keep in mind that the solid black trendline is uptrend average while the orange lines are upper and lower averages.
The highlighted area indicates the assumed 'danger zone' in terms of bearish continuation.
