The pattern shown (see inset) yields a serviceable target at 45.01 that should come easily if the midpoint pivot at 47.10 is breached by more than 0.20. Either of these Hidden Pivot supports could be bottom-fished, but I’d recommended doing so only with the ‘camouflage’ at the higher one. A sharp bounce from there exceeding 49.19 would be warning bears to back away once again. But if neither pivot evinces much support, that would be telegraphing still more weakness in the days and weeks ahead.
