A strong hold at 1715 prevents increased correction volatility as MACD enters convergence.
With price at 1700 we can assume a good level of support, noting that based on yesterday's close this value is closer to 1690, or 50EMA as general reference.
Dropping to 200EMA is still valid as long as it doesn't close out daily.
Look to avoid a possible double-top if recovery does occur.
www.tradingview.com/chart/gDBkksfy/
With price at 1700 we can assume a good level of support, noting that based on yesterday's close this value is closer to 1690, or 50EMA as general reference.
Dropping to 200EMA is still valid as long as it doesn't close out daily.
Look to avoid a possible double-top if recovery does occur.
www.tradingview.com/chart/gDBkksfy/
