During your last market outlook discussion, you identified 4440 as a price pattern target from the last pullback. With this week’s pullback we never got to the 4440 level. This week’s pullback just created a new price pattern target at aroud 4550-4555.
With the new PPT being established, would you still expect the prior PPT to also serve as resistance or a stall point?
And as a general technical analysis question, to new PPTs make prior PPTs irrelevant, decrease their significance etc? How should we think about multipe PPTs?