Once the price closed below the bold blue line the blue dotted lines show high probability targets where the market should be held and bounced from. I don't expect any significant bounce. What it will produce though is a new level of daily volatility and therefore new targets.
In terms of EW there are too many variations at this point of time that the entire exercise turns into a form of guessing.
Once the price closed below the bold blue line the blue dotted lines show high probability targets where the market should be held and bounced from. I don't expect any significant bounce. What it will produce though is a new level of daily volatility and therefore new targets.
In terms of EW there are too many variations at this point of time that the entire exercise turns into a form of guessing.
Thank you, very thoughtful.