US markets have reversed back to the Weekly 50% level, as part of a 2-day reversal pattern, and a 2nd day can push higher towards the highs of last Week...The Weekly 50% level should be the trend guide for Wednesday's trading.
The higher open on US markets will probably push down early into the 5-day 50% level, and could even dip down further into the 'red' circled.A 2nd day of an UP move will normally be supported and move higher towards the 5-day highs.
A 'bearish pattern' is a reversal down from the Weekly 50% level, and a failure of the 'RED' to hold, as this will push prices back down into the support zones.
Break of Support zones, and expectation is that of a 'double-down-day' into next day's lows, as it follows the overall Monthly down-trend
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