- Price action may have completed a triangle wave formation within a larger bearish market structure.
- A smaller-scale distribution phase around the 4200 level appears to have been completed.
- Price may revisit the 4160 level to form a Backup (BU) event, potentially setting the stage for a larger bearish move.
Disclaimer: This analysis reflects my personal market perspective and is provided for informational purposes only. It does not constitute financial or investment advice.
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