Price recovered slightly but not enough to successfully flip pattern support; boundary lines have been added in the case we re-enter zone.
With weekly close approaching we should remain focused on keeping near 3500 to avoid higher-volatility correction.
A long-term ascending layout using the previous wedge resistance (solid black) can be possible.
Refer to this indicator as a long-term cycle flip zone.
www.tradingview.com/chart/gDBkksfy/
With weekly close approaching we should remain focused on keeping near 3500 to avoid higher-volatility correction.
A long-term ascending layout using the previous wedge resistance (solid black) can be possible.
Refer to this indicator as a long-term cycle flip zone.
www.tradingview.com/chart/gDBkksfy/
