2026-06-12 07:50 UTC
Price attempted to break below 185.094 but failed, closing higher.
Evidence The candle on 2026-06-02 shows a lower wick rejection with a close above the low.
Strong bearish candle breaking below previous range.
Evidence The candle on 2026-06-04 has a large body and closes near the low.
Bullish candle attempting to reclaim previous support level.
Evidence The candle on 2026-06-06 closes above the open with a small upper wick.
Indecision candle with high volume suggests absorption or lack of direction.
Evidence The candle on 2026-06-07 has a small body with long wicks and high volume.
Latest candle defines the current reaction state.
Evidence Latest candle type: upper wick rejection; close position 0.366.
High volume on breakdown suggests strong selling pressure.
Evidence Volume on 2026-06-04 is significantly above average.
High volume on indecision candle indicates potential absorption or lack of clear direction.
Evidence Volume on 2026-06-07 is significantly above average.
Holding the long position as the trade thesis remains valid with price attempting to reclaim support.
HOLD LONG
Holding the long position as the trade thesis remains valid with price attempting to reclaim support.
The current long position remains valid as the price is attempting to reclaim the previous support level, indicating a potential bullish reversal. The latest candle shows indecision with high volume, suggesting absorption or lack of clear direction, which aligns with the trade thesis. The stop loss and take profit levels remain appropriate given the current market conditions.
- Price is attempting to reclaim the previous support level after a failed breakdown.
- The latest candle shows indecision with high volume, suggesting potential absorption or lack of clear direction.
- The support zone between 184.15 and 184.7 is being tested as a reclaim area.
Monitor if price can sustain above 184.7 or if it faces rejection at 186.2.