Self-explanatory short. This center-line has served fairly well. Note how price usually never stays exactly on the line but fluctuates back-and-forth on either side. Center-lines can be thought of as picket fences in that sense.
In light of the current considerable downward momentum, I suspect price will simply come up for a final touch of this line, but fail to get onto the other side of the "fence". If it does, stops do not need to be far above 550.
In light of the current considerable downward momentum, I suspect price will simply come up for a final touch of this line, but fail to get onto the other side of the "fence". If it does, stops do not need to be far above 550.