The Oct 28 bearish scenario was invalidated when price rose above 4070.90, reaching the chart’s 4082.50 invalidation area before reversing. At 03:53 New York time, the chart shows price at 4016.50, below its 4022.02 downside marker. The displayed W-X-Y and A-B-C labels remain as drawn; the chart now projects further downside while price stays below 4082.50, with lower marked targets at 3989.04 and 3975.63.
Summary: Trend: Bearish | Support: 4022.02 | Resistance: 4082.50 | Targets: 3989.04, 3975.63 | Invalidation: 4082.50
