Disliked{quote} Slight HH at 2912, above recent double top at 2904 - now failing. Will confirm upon 2876-2884 breakdown. Same 1st sell signal, just another newer overlapping pattern setup.. Until then intraday's bullish, has been since ~2850 break all day today.. upside is just not part of the plan.Ignored
I still treat this as the 1st (now pretty deep) pullback of yesterday' down move, eg being 2nd wave of a larger 5th one which started along the violent top reversal from 2998 yesterday.... prior to that, a clear ABC over 3 trading days eg 4th multiday wave... structure's all still intact, but for now they're refusing to turn the nose towards its continuation.
Will just observe PA, in and out, in regards to two sell zones I've now got... 2893-98 and 2883-88, taken off prior as well as couple of recent price patterns... entries would be upon confirmed downwards breaks (+ pullback, in my case). So most probably sitting on the sidelines, BUT if anything, will only act upon an hourly bar reversal + close under recent high-bar's low, which is 2896 ... and, only if the current highs remain HOD. Unless that happens - sideways to higher drift-spurt chop-session from here, so not interested, as I have no prepared plan thus no idea if and where any upside signals could work towards.
At a glimpse, hitting up to ~2960 area would still respect the multiday-multiweek market structure I'm perceiving with my analysis - and keep the odds in favor for one more multiweek LL intact. Breaking that area however diminishes those odds - at least for the short-term (upcoming trading days). Nevertheless, until then most things point to continuation towards fresh lows into ~2770 / ~2720 even.. - before hitting 3000+ again.
Patience, persistence and probabilities.