M formation complete and bottom of moveset tested.

I was expecting 79.9 but 80.2 close enough.

This is not a long though waiting for emas retest as they are leveraged bulls need to overcome them and we can focus on a v shape recovery otherwise If we test and reject and break 80.2 we short down to 79.3

We must wait for the emas though if we flush here again we are not looking at a trade the worst case has not played.

First ema retest and then if we break back down and take out wick low we short. Simple otherwise no touch