Sideways action continues with price now holding below 20EMA after a low of 1700.
Using H1 (not shown) we can note a possible EMA crossover that could alter the proposed recovery scenario into a correction.
It's important that we attempt to close above H4 20EMA, or at the very least, 1715.
Anything lower could position us for another bottom off (hopefully) the solid blue pattern extension.
www.tradingview.com/chart/gDBkksfy/
Using H1 (not shown) we can note a possible EMA crossover that could alter the proposed recovery scenario into a correction.
It's important that we attempt to close above H4 20EMA, or at the very least, 1715.
Anything lower could position us for another bottom off (hopefully) the solid blue pattern extension.
www.tradingview.com/chart/gDBkksfy/
