I want you to pay attention on AB line. It was very strong movement by bears. Price broke the previous HL. So momentum was good, projection was also good. And we would expect a pullback to near 1221 level. But it did not happen. Bulls were too strong and made a pullback to 0.786 Fibo level. Now we see how bears are defending this area. If you have short signal on your own analysis right now, then follow it. My expectation is still bearish but I think we will see price in a range between point B and point C.( complex correction) And I will watch the candles, how bears and bulls act and only then will decide what side to take. But again, bearish move to around 1223.57 is very possible.
