Price closing the week under 5189 will be very indicative and send further signals of bear strength impending.
The complex large degree is a Wave Y that is unfolding in 3 waves ; IMO we're currently in Wave Z of third wave of Wave Y.
In laymen's terms, as long as price remains below 5189, the bias is that we should retest 5100-5056 area of support.
The complex large degree is a Wave Y that is unfolding in 3 waves ; IMO we're currently in Wave Z of third wave of Wave Y.
In laymen's terms, as long as price remains below 5189, the bias is that we should retest 5100-5056 area of support.