pattern looks for more downside to 109
with falling momentum indicators. Big OI at 115 Put, may be protection
I expect completion of the fifth wave.
The gap indicates the direction of movement.
It seems countdown has begun.
The target is achieved. Now there is no reason for the continuation of the downward movement. Means will rise?
Usually, long-term trends begin and end with the same pattern.
SUP
The target of downward trend reached. A bullish divergence occurs and signs oversold. Now, we must wait for a strong day rise.
Trendline presses down.
Here you may trade according to the principle of "fire and forget". "Deadly cross" signaled the beginning of a bearish trend. EMA 50 can use like stop line.
EMA 50 line points down and can use like a stop. Crossing the EMA 200 line will accelerate the fall.
EMA 50+EMA 200 presses down.
Evening star+ strong resistance area. Downtrend is formed.
History repeats itself?
The downtrend is formed, the desition is made.
Strong bearish divergence, complete Fib. correction, the upper border of the channel.
SJM
