Bull count in red, bear count in white.
4258 support broke on Friday, 4235.50 did not break, bulls took over and price quickly reversed upward for the rest of the day.
Bulls need price to stay above 4304 and 4242.25 to keep the impulse wave going.
Bears see Friday's price action completing regular flat rather than the start of an impulse wave upward, and they need to see 4304, 4242.25, and 4235.50 support break on impulsive price action.
4258 support broke on Friday, 4235.50 did not break, bulls took over and price quickly reversed upward for the rest of the day.
Bulls need price to stay above 4304 and 4242.25 to keep the impulse wave going.
Bears see Friday's price action completing regular flat rather than the start of an impulse wave upward, and they need to see 4304, 4242.25, and 4235.50 support break on impulsive price action.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.