The impulsive bullish scenario is very close to invalidation
Market technical overview:
The bulls are too weak to rally above the technical resistance at the level of $3,640 and what's even worse, the price stays below the short-term trend line resistance as well. The local highs are made at the level of $3,600, but the bears are pushing the market lower towards the technical support at $3,430. Any violation of this level would invalidate the bullish impulsive scenario and the sell-off will accelerate towards the level of $3,223 again.
Trading recommendations:
Any violation of the level of $3,430 will invalidate the bullish scenario, so the buy orders should be closed and sell orders should be opened with a target at the level of $3,2223.
