The search for the Higher Low should ideally not go below the 61,8% fibo level, in order to remain in a core trend. This is right now at around 6200.
If we want to uphold the potential Inverted pattern on the Daily & 4H, our right shoulder shouldn't get below 6100.
=> Those are 2 levels for the bulls to be looking for. Should we lose those, it doesn't look good for the bulls, and can easily turn out be another on the Daily.
So: We're clearly underneath 4H & Daily EMAs now, and the bears have played the ball to the bulls: The bulls have to bring it!
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