Pre-Market View:
Nothing much to add to yesterday's EOD post.
Corrective's depth is the question--- and the following chart considers the Impulse 5548-5899*
sw1=5548-5638=90
sw2=5638-5593=45
sw3=5593-5899=306
sw4=23.6% of sw3=5826
sw4=38.2% of sw3=5782
34 Hr EMA at 5793 and 5 DMA at 5788 also need a mention as good supports.
EOD Post
The channel got tested but could not be breached--- sw4 --true to its definition---remained sideways & choppy and kept everyone guessing---
More than price-action,today was a day of time-action. Minimum for sw4 is still a distant number.
Nothing much to add to yesterday's EOD post.
Corrective's depth is the question--- and the following chart considers the Impulse 5548-5899*
sw2=5638-5593=45
sw3=5593-5899=306
sw4=23.6% of sw3=5826
sw4=38.2% of sw3=5782
34 Hr EMA at 5793 and 5 DMA at 5788 also need a mention as good supports.
EOD Post
The channel got tested but could not be breached--- sw4 --true to its definition---remained sideways & choppy and kept everyone guessing---
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