Initial compression readings on the bounce/spike
Is that it’s a bear bounce
As such 1123.75 is the new OAV (BB Bull/Bear divider)
Only in the event we trade above 1123.75 for 19 minutes or more can the compression flip over.
Never the less here’s the pattern
Down Price Target: 1096.25
Up Price target: 1142.00
In light of the patterns volume; this is clearly a key pattern (Strong)