movements of today have enough follow the expectations set out yesterday before rebounding to 2320 and then a double bottom in 2285 (the 2270 target was missed)
similar movement by the SP500 that has instead marked a new low (it was was too strong in previous sessions).
When I finished the first wave of descent and I expect a rebound in 2358/1320-25 as shown in the diagrams.
Because today is the unloading of a fair amount of purchases made during the descent, but at the same time we have divergence of short-and indicated on the break of the downward channel that convinces me of the goodness of these assumptions , is typical, that there is a gap left behind and that wave 2 is not able to close it.
At the same time should think about the alternatives:
- we may have another minimum first bounce, I might have overlooked a sottoonda somewhere, but I think this is possible until you go beyond 2320 and even now, at night, it marked a 2316 then I believe that tomorrow will already be over;
- the descent could be finished here and then there will stop in 2358, as I said, we must examine how we arrive at that altitude, low volume and lack of gap closure will be in favor of resuming the descent.
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