Pretty good impulsive structure down.
Wave 1 is extended and the retracement made it back up to wave 2 of that which is great. Waves 3 and 5 are about the same size ultimately.
You can see where we have already pulled back into the (A) territory it means this upward move is most likely a correction upward and that the larger trend is still down.
A break below 43,500 means bears maintain control.
A break above 45,500 means bulls have taken control back and are resilient.
Wave 1 is extended and the retracement made it back up to wave 2 of that which is great. Waves 3 and 5 are about the same size ultimately.
You can see where we have already pulled back into the (A) territory it means this upward move is most likely a correction upward and that the larger trend is still down.
A break below 43,500 means bears maintain control.
A break above 45,500 means bulls have taken control back and are resilient.
Note
REJECTED lol
Note
and......IT'S GONENote
Pulled back to the "golden pocket"Note
New Executive order looks SUPER BEARISHyoutu.be/nKzTXwa05yo?t=147
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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.