The London update’s 4082.50 invalidation was breached: the chart records a 4086.99 high. Price then reversed to the 4015.65 daily low and rebounded to 4020.56, reaching the chart’s downside marker. Short-term price action is bearish, but the displayed wave count is invalidated. Further downside toward 3989.04 and 3975.63 remains a chart projection pending a valid count.
Summary: Trend: Bearish short term | Wave Structure: Displayed count invalidated | Support: 4015.65 | Resistance: 4082.50 (breached) | Targets: 3989.04, 3975.63 | Invalidation: 4082.50 breached