Eventhough we saw price hitting the -0.27 TP, the bulls had no intention of kicking in. The bears continued further down until the -1 fib level, sweeping the swing low. This is a new action also hitting a weekly shoulder level.
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.
