Short due to geometry defiance within the structure according to GeoWave also know as a terminal impulsion by Glenn Neely and a descending triangle according to Nelson Elliot.
This idea will comply with both harmonics and support/resistance also.
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I'm in are you? All time frames can trade this!
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Above is the mutli-timrframe cross section at a major resistance point, this will be rejected, at most it may test once more just for the sake of hopeful buyers but this is not good for any bulls at all.
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The last hopeful low being broken.
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3 resistance fail breaks and now smashing through a number of support areas.
Adding further evidence and confidence to this sell off. Were in the woods not the meadows.
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retest of the previous low and are now in profit, stay tuned and alter stops accordingly as we are still short for some time. be aware of deep retracements.
Personally I will hedge every retracement using GeoWave vector physics.
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TP from the high of my hedge trade and into major impulsion to the downside.
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This wave will be an extended wave so will highly likely break the 1880 low's.