PM I’d prefer to see this potential bounce move to finish within the 170–172 mid-term resistance zone before a follow-through to the downside with the next wave breaking below the July lows. However, if price can hold above the rising 8 EMA on any pullback attempt, there’s potential for a larger bounce into the 175–180 macro resistance area.
Chart: tradingview.com/x/zkkK7XWG/
