As expected (see related ideas), we had 3 more legs down, taking out other yellow box targets.
The area shown as "Watch out for this support" did, in fact, offer a solid platform for bulls to react.
We also have the conditions to consider gray wave A being finished.
So what´s next?
- I´m only buying if we get a break of the trendline. In that case I´d expect a test of the 105-110 region.
- Don´t rule out another downside push to hunt all the stops that are probably under yesterday´s wick.
The area shown as "Watch out for this support" did, in fact, offer a solid platform for bulls to react.
We also have the conditions to consider gray wave A being finished.
So what´s next?
- I´m only buying if we get a break of the trendline. In that case I´d expect a test of the 105-110 region.
- Don´t rule out another downside push to hunt all the stops that are probably under yesterday´s wick.
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