Pretty good impulsive structure down.
Wave 1 is extended and the retracement made it back up to wave 2 of that which is great. Waves 3 and 5 are about the same size ultimately.
You can see where we have already pulled back into the (A) territory it means this upward move is most likely a correction upward and that the larger trend is still down.
A break below 43,500 means bears maintain control.
A break above 45,500 means bulls have taken control back and are resilient.
Wave 1 is extended and the retracement made it back up to wave 2 of that which is great. Waves 3 and 5 are about the same size ultimately.
You can see where we have already pulled back into the (A) territory it means this upward move is most likely a correction upward and that the larger trend is still down.
A break below 43,500 means bears maintain control.
A break above 45,500 means bulls have taken control back and are resilient.
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REJECTED lol
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and......IT'S GONE
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Pulled back to the "golden pocket"
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