Salaam
I revised my last chart.
The Head and shoulders pattern will invalidate if this daily candle closes above the neckline.
There is a large broken bear flag.
Also a falling wedge.
My probable scenario is shown in the chart that targets 930-1030 area.
Retest the wedge's line and pullback to the bear flag resistance and then, go for the final target.
IMO more downside movement is inevitable but the timing is based on what S&P does.
Good luck
I revised my last chart.
The Head and shoulders pattern will invalidate if this daily candle closes above the neckline.
There is a large broken bear flag.
Also a falling wedge.
My probable scenario is shown in the chart that targets 930-1030 area.
Retest the wedge's line and pullback to the bear flag resistance and then, go for the final target.
IMO more downside movement is inevitable but the timing is based on what S&P does.
Good luck
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