It looks like we are going to bounce tomorrow, but will we go higher from there and finish fifth zigzag as on daily chart, or will find strong resistance at 298 area and brake the wedge down, next two trading days will have to make a decision on the directional bias to hold
@Therustyb, thanks.
I see we will revisit 296 before any bigger move down.
As a morning session begins it is finishing 5 or of 5 down( 2 min timeframe), and will start move up very soon
Therustyb
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@prutalk, idk man. increasing price decreasing volume..i think if we break 286 we see 280 rejected the 34 just now. not good
prutalk
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@Therustyb, imho it can push lower and 280 is reasonable in this market conditions, but only to capture late shorts, when everyone convinced in the downtrend, usually it moves opposite, it is already losing it steam