Mid-day Update… Once more, or done?

Not yet too late to be scraping the lows.

There was no middle ground. Exiting the bias environment under 2088.00 meant exiting the bias environment at new lows. So, new lows were probed down to 2080.25 just before noon. The noon hour ranged narrowly.

The next lower objective has been met structurally, by retesting the 2082.25 overnight low. The next lower price objective is 2079.00. It’s in-play, unless the bias environment were exited above 2086.00 and 2088.00.

And now 2086.00 is being pierced. But not yet up to 2088.00.

Back under 2084.50 and 2082.75 would be likely also to test 2079.00. Its test isn’t required, and can be avoided altogether. But delaying its test until too late probably wouldn’t avoid a deeper pullback.