Today we saw an aggressive sell-off, showing us that the bears aren't willing to surrender just yet.
As suspected yesterday we would have seen the H&S play out and hit the -0.27 perfectly. This printed also equal lows
We can price to make a bullish correction of todays bearish move. To be followed by a further push down.
As we can see the -1 level located just below the swing low, we can expect a liquidity sweep below the swing low, hopefully to make a new action in order to initiate a reversal.
Continue to act with caution : we are still in a bearish trend. If somewhere down the line there is a lack of confidence in the market, price may reverse quickly. Remark : the index did not correct the one impulsive bearish candle yet, not even after 14 days. Bulls try, but are not convincing yet.
