50% of the Downward Impulse looks like it may hold as its also a confluence point of the expansive corrective structure (3rd touch).
Retail Positioning also look like its skewed to being bullish and we typically take a contrarian view to crowd sentiment, further supporting a bearish bias.
Retail Positioning also look like its skewed to being bullish and we typically take a contrarian view to crowd sentiment, further supporting a bearish bias.