1D StochRSI is bottoming out.
The shorter time frame dump action seems to consolidate above 240.
The price action down from 1545 ($250) looks like an abc rather than an impulse.
This all supports the idea of a corrective abc retracing the journey down from 4, 1875 ($300).
This is 1655 or rather, the magic 270 everyone's been talking about for ages.
This is fulfills the EW pattern from my long term Renko chart:
(sorry the numbering systems don't match, but the geometry's there)
The shorter time frame dump action seems to consolidate above 240.
The price action down from 1545 ($250) looks like an abc rather than an impulse.
This all supports the idea of a corrective abc retracing the journey down from 4, 1875 ($300).
This is 1655 or rather, the magic 270 everyone's been talking about for ages.
This is fulfills the EW pattern from my long term Renko chart: