BLUE LINE - We have a bias to the short side to test the bottom of the structure again and either break or is back up.
RED LINE - There is however also a chance that bulls come back to the party in the coming week and initiate a second impulse and complete the overall three-touch structure.
Beyond the pink structure 3-touch structure is where we can confirm a trend however we are still heavily skewed to the downside given the daily and weekly structures that exist.
RED LINE - There is however also a chance that bulls come back to the party in the coming week and initiate a second impulse and complete the overall three-touch structure.
Beyond the pink structure 3-touch structure is where we can confirm a trend however we are still heavily skewed to the downside given the daily and weekly structures that exist.