Price is consolidating just above the Strong Low after failing to reclaim the P1D Low level.
If bearish momentum continues, we could see a breakdown toward the next Strong Low zone.
Possible Scenario:
🔻 Reject from current level → drop toward Strong Low (~116,800) and possibly extend further.
Key Levels:
Resistance: P1D Low (~118,640)
Support: Strong Low (~117,670), next Strong Low (~116,800)
📌 Plan: Watch the reaction at Strong Low — a break below could open the door for deeper downside.
http://dlvr.it/TMV0cc
If bearish momentum continues, we could see a breakdown toward the next Strong Low zone.
Possible Scenario:
🔻 Reject from current level → drop toward Strong Low (~116,800) and possibly extend further.
Key Levels:
Resistance: P1D Low (~118,640)
Support: Strong Low (~117,670), next Strong Low (~116,800)
📌 Plan: Watch the reaction at Strong Low — a break below could open the door for deeper downside.
http://dlvr.it/TMV0cc