Combined US Indexes - Lower High Lower Low checked; What next...

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As previously expected, a lower low has been achieved.
What was not expected was the speed, magnitude and extent of the fallout.

Next up, since it is about 3.5 Standard Deviations out, we can start looking for a consolidation, although there might be slightly more downside and we need a higher low in the expected range within box. Having said that, it is possible to see it overextend downwards briefly.
There is a long term support, Fibonacci downside target zone just below.
So expecting a short term bounce between Monday to Wednesday at the earliest, and following that a consolidation area formation.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.