H&S Inverted Pattern plays out. rejected 4100. This intense two day selling move looks and feels impulsive.
Still could play out as an ABC but in this bear all the downs have been impulsive 5-waves. Being long is hi-risk imo.
So this is just Wave 1. A bull trap is coming for a day or two. FOMC likely trigger for the 3rd Wave, final target 3660.
After TL break,...
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