Could be. Not sure how much snap though.
I have us in 5 down from 1947 to complete larger move down from Nov or Dec.
Within that 5, I have us ending 1 of 3 in your zone. Ie, 3 will subdivide, and we’re only in first subdivision.
A rebound that fails, then more downside into EOM.
That failure should usher in some bigger red candles.
Could be. Not sure how much snap though.
I have us in 5 down from 1947 to complete larger move down from Nov or Dec.
Within that 5, I have us ending 1 of 3 in your zone. Ie, 3 will subdivide, and we’re only in first subdivision.
A rebound that fails, then more downside into EOM.
That failure should usher in some bigger red candles.
IF we get a bounce; maybe backtest 1900 before continuing down…