[00:08] Critical Support Level at $172: October 10th low represents key support - breaking below opens door to $150-$160 zone
[00:28] Deeper Support Targets Identified: Secondary support levels at $117.40-$138.20 align with previous structural swing lows and Fibonacci levels
[01:07] ABC Correction Scenario Explained: Most likely bearish scenario shows wave A finished, currently in wave B, with C-wave down targeting $117 support
[01:42] Broken Trust Since October 10th: Market hasn't shown strength since October 10th, breaking momentum and trader confidence
[02:22] Three-Wave Structure Shows Weakness: Only three waves up detected in recent rallies, not the five-wave bullish pattern needed for confirmation
[03:05] Micro Support at $178 Critical: Current support area at $178 based on wave 1 distance measurement - break below triggers further downside
[03:34] Reversal Requirements Defined: Need micro five-wave move up plus break above previous swing high at $202 or ideally $212 (October 13th high) for bullish confirmation
[04:06] No Bullish Signal Yet: Despite looking for bullish scenario, analyst sees no five-wave move up yet, keeping outlook cautious