TUESDAY
2-JUL
Price took out LW low and is at the $275 S/R level.
It seems to be targeting the further sell LQ below the previous week's low around $260.
On the Daily, price is now reacting from the D1 buy zone ($275) that caused the latest rally, although this is the second time price visits that level.
A rally is possible and the nearest upside LQ is around Y high but if broken price may find some resistance around $300.