Todays continued break down shows the strength of this impulse, and can either be summed up as a throw over or a continued push towards the 1750 zone. This 1750 zone represents 161.8% of the green assumed A wave from B to C. The intra-day stochastics might make a negative divergence so we should watch for this as a clue to a possible turn up.
We have also pierced the bottom of the BB line on a daily chart. Therefore anything below this is not sustainable short-term and a correction is needed to alleviate the extreme if we are to continue moving down. Alternatively, we can place a 3rd wave on the Green C Wave as a more bearish approach.
MT: DOWN
ST: DOWN
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