Looks like the triangle baseline bounce for the 1st scenario didn't happen (purple wave arrow). It break below, saw the big real buy wall around 3200 yesterday and it was taken out + set new lows this morning. It did manage to closed back up to 3224 on 4hr chart but just couldn't sustain. Buy orders looks weak. Likely continuation of leg down as per the scenario...
Maybe the previous triangle pattern within the possible big descending triangle will repeat again. Possible bounce off the baseline (3277) of these new mini triangle as it breakdown alittle from the symmetrical triangle. Or it might just breakdown again from this mini triangle making new lows around low 3000s zone.
It can also bounce up to test 3560 which is...
Maybe the previous triangle pattern within the possible big descending triangle will repeat again. Possible bounce off the baseline (3277) of these new mini triangle as it breakdown alittle from the symmetrical triangle. Or it might just breakdown again from this mini triangle making new lows around low 3000s zone.
It can also bounce up to test 3560 which is...
