Not the best sign as we break below long-term trendline with lows around 1050.
A buffer was added for better accuracy of this rejection and indicates how the upper limit intersected support and lower limit acts as new resistance.
A dotted line was also added to show an estimated 'extreme' and current support.
It seems that we still have a chance at short-term recovery if we can make it back into pattern before late-July (~7/20).
Alternatively, we could form another recovery through an extended second bottom (dotted) with a low of 900-950 although I'm not actually sure if this would be valid.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.