Still, it went down a bit below the 61.8% fib so we really have to keep an eye on it tomorrow. Anything below the orange line and I start to think bull trap. I think the odds are very good that it will hold. While this looks like 5 waves down from the 10 minute level, that heaviness right next to the day divider is 4 and 5 of red a and then a-b-c into red b. It's all smashed together so that the casual observer will think it is 5 waves down but I think that this move is 5-3-5. But I will have little tolerance for a lower low tomorrow.
Zooming out we can see that HUI must do or die tomorrow. Failure to hold that rail will do great technical damage to the HUI chart.
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