The 1 x 1 line is pierced and as discussed previously, a close below this angle is crucial.
Also the base for the last square we saw was at 1703 level.
In the last video we discussed that the price-time vector has completed 2.0 expansion and
thus the current correction from 1765 to 1693 was just wave A.
Given that our 1 x 1 line is diagonal, the current higher low at 1693 is crucial to watch.
A close below it and the 1 x 1 line might see price fall lower.
Also we had the center of the spiral at 1682 which should be the last support, below it a medium term
bear trend is confirmed
Trade with care
Also the base for the last square we saw was at 1703 level.
In the last video we discussed that the price-time vector has completed 2.0 expansion and
thus the current correction from 1765 to 1693 was just wave A.
Given that our 1 x 1 line is diagonal, the current higher low at 1693 is crucial to watch.
A close below it and the 1 x 1 line might see price fall lower.
Also we had the center of the spiral at 1682 which should be the last support, below it a medium term
bear trend is confirmed
Trade with care