Weekly pivot (unclosed level) retest
This is what I see.
We did complete Demark breakout projection for now and touched the unclosed level - missed weekly pivot.
We do have a missed monthly pivot and price might go to retest that unclosed level.
But missed monthly pivot might mark a start of significant downtrend. And for price to get there it has to break weekly ceiling CAMS4. A break through CAMS4 would require price to move far above monthly pivot what I find unlikely considering the fact we already broke yearly CAMS4 and are in a heavy bear market...
Last week we broke weekly floor CAMS4 and price did not complete the break move to last week´s CAMS5 - this scenario I find more likely.
THIS IS NO FINANCIAL ADVISE.
We did complete Demark breakout projection for now and touched the unclosed level - missed weekly pivot.
We do have a missed monthly pivot and price might go to retest that unclosed level.
But missed monthly pivot might mark a start of significant downtrend. And for price to get there it has to break weekly ceiling CAMS4. A break through CAMS4 would require price to move far above monthly pivot what I find unlikely considering the fact we already broke yearly CAMS4 and are in a heavy bear market...
Last week we broke weekly floor CAMS4 and price did not complete the break move to last week´s CAMS5 - this scenario I find more likely.
THIS IS NO FINANCIAL ADVISE.
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