As i mentioned on last analysis, Divergence in the indicators, closer HH & LL, decreasing upward velocity, smell of a one month correction...
But from where we will be supported?
40k is first step, maybe the last too...but i dont think so, as i mentioned from much lower, we should see 35k again, at least on more time ...
A key to find wich minimum is a major pivot, is volume! When ever we have maximum volume...
Yes you have to wait a little bit after a huge volume candles to ensure you've recognised the major pivot right