We've been waiting for a deep drop since 29th of January but only seen a few shallow ones that retraced completely.
That period concluded with a raise to 2620s on 4th of Feb.
Now we're back to the same levels (2530s) but the trend seems reversed.
Between 29th Jan and 4th Feb it was a down trend, now it's going up, little by little.
More over, similar to the occasional drops we've seen in the previous period, we're now observing occasional pops.
If this inverse pattern plays out, a big drop, similar to the magnitude of the pop on the 4th is near.
That period concluded with a raise to 2620s on 4th of Feb.
Now we're back to the same levels (2530s) but the trend seems reversed.
Between 29th Jan and 4th Feb it was a down trend, now it's going up, little by little.
More over, similar to the occasional drops we've seen in the previous period, we're now observing occasional pops.
If this inverse pattern plays out, a big drop, similar to the magnitude of the pop on the 4th is near.