Totally reasonable to watch that as well. I am just a step by step guy so for me holding here and then 5.47 are the current steps in play on the down side. One thing of note is that on my daily chart, price must get over the 4ema on a closing basis and stay above or more down has continuation odds. Then it needs to flatten, curl up, with price attacking the 8ema and so forth to get an up trend going.
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