The market is now having its first retracement back up to the 120 minute EMA after the downside break from the middle box. However, it is easy to see that the market is at a critical point. It met its initial objective back up from the buy divergence on the momentum oscillators. We initiated small long trade based off 15 minute bull flag. Three PUshes UP - 5 minute SP chart 3 pushes up on the 5 minute time frame marks the end of a leg up.
Market is due for a more sustained correction or consolidation.
This pattern that we highlighted on the daily chart is forming a weekly bull flag. Daily charts look the same as AA we just posted. This is just on listed shares here. But you can see the steady orderly trend. The market broke from a long sideways line to the downside.