12:35Market breaks December 50% levels and moves straight down into December low support.
Weekly pattern is bearish, but there is a gap on the upside that needs to be closed.
That closure is only going to happen if US markets have follow through on the UP side, or from a lower open next week, as it rise upwards from support and back into January 50% levels in 2008.
The exact same pattern when US markets reversed off November lows.
At this stage December lows are valid areas of support.
Tuesday has an UP bias with a random length.
Island reversal anyone?
Only if US markets ‘hook’ back inside Weekly 50% levels on Tuesday
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