the bearish cyphers, forming a potential handle. a necessary evil to get a regain on bullish mometum. short term could be a bear trap, I still see a retrace. first lets monitor this cup/handle and see if the b legs hold for support
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I see buyers buying off the lows, but these cypher patterns are strong . needs to be monitored
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bearish cypher by AD
needs to hold
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cyphers can turn in to cups (base) look for the handles on them .. monitoring this base position
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for time being .382 fib is holding, have to see if the .5/.618 fibs get tested
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AD showing an ascending triangle to 57,203 monitoring
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