Yesterday's price action invalidated our more bearish scenario but not in it's entirety. It does however make it the alternate count at present. The decline down from from magenta alt 2 does look impulsive so there is potential for another downside leg. Buyers at present do not want to see price drop below magenta b as that would imply new lows below 2064 would likely ensue rather swiftly. Good luck and profitable trading. Below is the link to today's projections.
If you have any question about our analysis or any of our analysis sytems, contact me at john@mcm-ct.com
mcm-ct.com/blog/intraday-projections-trapping-of-the-bulls/
If you have any question about our analysis or any of our analysis sytems, contact me at john@mcm-ct.com
mcm-ct.com/blog/intraday-projections-trapping-of-the-bulls/
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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.