The market has recently pushed down with momentum.
Price attempted a timid "echo bounce" back into the broken support but was rejected, confirming this area now serves as area for bearish re-entries.
From what I can tell, we're entering the next leg of what I call the “Gravity Spiral Phase”, where sellers take over after taking a clear zone. Each wave down is not just a move, but a continuation of momentum migration into new bearish move.
Target: 1.93500
This level marks the next gravity anchor, a zone where price memory may attempt to stabilize, but only temporarily.
Price attempted a timid "echo bounce" back into the broken support but was rejected, confirming this area now serves as area for bearish re-entries.
From what I can tell, we're entering the next leg of what I call the “Gravity Spiral Phase”, where sellers take over after taking a clear zone. Each wave down is not just a move, but a continuation of momentum migration into new bearish move.
Target: 1.93500
This level marks the next gravity anchor, a zone where price memory may attempt to stabilize, but only temporarily.
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👉 I recommend this Broker - Get 20% Deposit BONUS - bit.ly/trenddiva
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.