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Dropped a bit more than I wanted yesterday, but the bullish scenario is still intact.
There's a chance however that it's already in the leg lower to 50k after missing the red box by a bit (chart 1)
Chart 2: as long as it stays above 66k, the bullish scenario is still intact (black path).
I do expect 1 more leg lower over the weekend. If that leg goes sub 66k, the bearish scenario comes in play with a BOS on the 4hr, likely a weak bounce to supply zone and down again.


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