If we get this E wave the bear pennant should play out nicely and we'd see a drop to 3.2k and maybe even lower, depending how much volume and how bearish the sentiment is.
Comment:
Got the E wave and made lower low in the local daily range.
Let's see if this 3430 support holds, if not we should get down to 3200 with a potential lower low.
Nothing unexpected happening here.
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Let's see if this 3430 support holds, if not we should get down to 3200 with a potential lower low.
Nothing unexpected happening here.