Small downside parabola seems to be developing.
Take it with grain of salt as HTF trend remains still bullish.
This is the lighest pain scenario, there's also second one that according to structures and measured moves should take it to low 40ks.
Warning signs that suggest invalidation are closes above red lines.
Take it with grain of salt as HTF trend remains still bullish.
This is the lighest pain scenario, there's also second one that according to structures and measured moves should take it to low 40ks.
Warning signs that suggest invalidation are closes above red lines.
Comment:
One can also spot a downside parabola developing at 3h+ which might serve as another invalidation point.
Comment:
Second level still holding, but you can consider this as invalidated.