An unfortunate rejection at 200EMA triggers a bearish breakout sending price to low 1800s.
Although yesterday's close was above ~1840 critical, resistance at 1845 and closely tied EMAs were enough to quickly sway momentum.
Refer to ~1820 critical as the next support with the newly added ~1825 as a rough recovery 'close' marker; this may or may not replace 1820.
Don't be surprised if further correction to LT pattern support occurs. D1 200EMA should cross shortly.
www.tradingview.com/chart/gDBkksfy/
Although yesterday's close was above ~1840 critical, resistance at 1845 and closely tied EMAs were enough to quickly sway momentum.
Refer to ~1820 critical as the next support with the newly added ~1825 as a rough recovery 'close' marker; this may or may not replace 1820.
Don't be surprised if further correction to LT pattern support occurs. D1 200EMA should cross shortly.
www.tradingview.com/chart/gDBkksfy/
