Looking at our trend timeframe we see price is making its way towards our 2500 support zone, momentum not showing any signs of slowing down. Expecting price to continue to fall this week, will be watching daily timeframe for a reversal.
Shifting over to our pattern timeframe we see SUB is now at a critical point, momentum shown bears are in control. We have recently been rejected by our 3700 resistance, and are now testing our dynamic support. Expecting SUB to break through our dynamic support and retest our 2500 support level. Waiting for a daily close above 3700 or a bounce off 2500.
