If we get this E wave the bear pennant should play out nicely and we'd see a drop to 3.2k and maybe even lower, depending how much volume and how bearish the sentiment is.
Note
Got the E wave and made lower low in the local daily range.Let's see if this 3430 support holds, if not we should get down to 3200 with a potential lower low.
Nothing unexpected happening here.
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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.