Big white line is major mid term support. Also is necessity for validity of Scenario A (red). Price is already under the line. Which means Scen A is not happening.
We now follow Scenario B (Blue) with possible Scenario C continuation (White).
Simply put, price is already under the critical support of $225 and it is short time until $90.
To invalidate this scenario, price must hold above $230 and break above $270 (30week EMA). That would indicate return to Scen A (Red).
We now follow Scenario B (Blue) with possible Scenario C continuation (White).
Simply put, price is already under the critical support of $225 and it is short time until $90.
To invalidate this scenario, price must hold above $230 and break above $270 (30week EMA). That would indicate return to Scen A (Red).