so first things first...
-market brokeout to the downside on the daily timeframe
- then market ranged for 4 days forming a bearish flag which is a continuation pattern
-market is currently at a significant support level so if it breaks entry can be taken on the initial breakout (aggressive) or wait for a retest of that structure (conservative)
- take profit is...
We should be in this wave 2 playing out as a Flat correction with wave B being a complex WXY correction.
We can also see strong divergence which indicates price will go lower.
There was a gap around 3500 and price has a tendency to fill those,
therefore, look for it as a potential support and buy zone.
This count gets invalidated if it goes below 3300.
How to...