Scenario 1: Form an Inverted Cup and Handle/ H&S Pattern at 410 then go down and retest 380-383. A break above 415 invalidates this pattern.
Scenario 2: Go up to 0.618 fib/ S2 at 421 to finish wave (E) of this corrective wave, then go down and retest 380-383. A break above 440 means termination of the downtrend and hence this scenario.
Looks pretty bearish for a couple of days ahead
Scenario 2: Go up to 0.618 fib/ S2 at 421 to finish wave (E) of this corrective wave, then go down and retest 380-383. A break above 440 means termination of the downtrend and hence this scenario.
Looks pretty bearish for a couple of days ahead