A tough rejection at 1650 sends price below both pattern supports with hold now around 1570.
Priority was set back to the short-term symmetrical layout with an adjusted resistance to allow for additional consolidation however the current drop makes this unlikely.
At this point it's very possible we see continuation to 200EMA -> 1500 if we fail to close D1 above the long-term ascending average (blue).
Priority was set back to the short-term symmetrical layout with an adjusted resistance to allow for additional consolidation however the current drop makes this unlikely.
At this point it's very possible we see continuation to 200EMA -> 1500 if we fail to close D1 above the long-term ascending average (blue).
