Price Action Context
After reversing slightly ahead of the multi-year resistance we mentioned here on the 20th of February, MT, the bearish order flow seems to be increasing and in the past week, bears managed to produce a break and close below a MT key support, opening up further downside.
MT bias changed to bearish and bears can look for potential shorting opportunities around the broken key support, now resistance.
Key Support & Resistance Zones
R: 1 275 – 1 287
S: 1 233 – 1 243
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