Price managed to hold pattern sending us back into the 3600s before rejection around W1 piercing (3685).
Consolidation is now between short-term EMAs with 50EMA providing a bit of support to prevent further pattern fillout.
Look to push beyond short-term EMAs/3615 in order to raise 50EMA to pattern resistance.
If sellout occurs focus on keeping above 200EMA/3500 until 200EMA reaches W1 neckline (red).
www.tradingview.com/chart/gDBkksfy/
Consolidation is now between short-term EMAs with 50EMA providing a bit of support to prevent further pattern fillout.
Look to push beyond short-term EMAs/3615 in order to raise 50EMA to pattern resistance.
If sellout occurs focus on keeping above 200EMA/3500 until 200EMA reaches W1 neckline (red).
www.tradingview.com/chart/gDBkksfy/
