Global trend continues And no strong price reaction yet to change that, we recently saw one movement, which many viewed as a trend-breaking. After price tests From November 2021, the price reacts and forms a strong bearish impulse and when it pulls back it consolidates below the trend support and here we see the formation of pattern.
newIt started forming on the chart (also two, local and global. Global resistance is . The price reaches the right shoulder of the pattern and breaks the support, but a technical pullback is forming and the price is still in the shoulder area, but below the strong resistance (after the false breakout) at 1597.5.
I assume that if this pattern does not break and the price continues in the position below the resistance of 1957.5, then there is a high chance of the continuation of the movement in support of the 915 series. There are also major liquidity areas below, which the price can look forward to. The short-term target is the 1361 support, and the medium-term target is the 915 liquidity area.
Sincerely, R. Linda!