Bearish-type price action today. The primary count of wave [iii] down remains intact.
Prices are at the top of the long-term upper channel line.
Zoomed in, we see what that looks like:
The best bullish count is technically the Minor 4 ascending triangle. Its actually still technically intact. But prices need to rally now. If prices fall beneath [c] pivot, this count is completely useless.
And the market knows it. The wave [c] low is the KEY price pivot the market cannot afford to lose.
