Context
W1 and D1 remain in a correction. The H4 recovery from the November low stalled below October resistance. On H1, the second advance failed to exceed the 5 November high; M15 is recovering after another decline. From the current M15 price, we favour a return towards the lower support areas. The strong November recovery remains the main opposing argument.
Research scenario · For independent analysis · Not personal investment advice
Plan conditions
M15 reference price: 4102.490
Target 1: 3980.00–4080.00 Target 2: 3860.00–3975.00 We favour a decline towards support at 3980.00–4080.00, followed by the November area at 3860.00–3975.00.
Invalidation: H4 close above 4150.00.