Support maintaining at lower extreme as we now push back above EMA levels with long-term trendline as current resistance.
Although a few H1 closes did fall below the estimated trendline, volatility was rather low/consistent and more in-tune with H4 which did not close below.
Also something that wasn't stated in yesterday's post is that there is generally a buffer with trendlines vs pricelines which should be accounted for.
From here we could see a push to 1800-1900 range which would provide the high for the third step on D1.
The reason I don't believe high would be 2k anymore is based on support/resistance trends (not shown) and the fact that major LT neckline is around 1800 + recent steady PA.
However this could potentially set us up for a test off final step pattern (1800-1900) -> 2k.
Although a few H1 closes did fall below the estimated trendline, volatility was rather low/consistent and more in-tune with H4 which did not close below.
Also something that wasn't stated in yesterday's post is that there is generally a buffer with trendlines vs pricelines which should be accounted for.
From here we could see a push to 1800-1900 range which would provide the high for the third step on D1.
The reason I don't believe high would be 2k anymore is based on support/resistance trends (not shown) and the fact that major LT neckline is around 1800 + recent steady PA.
However this could potentially set us up for a test off final step pattern (1800-1900) -> 2k.
