squares, squares and future squares...., page-12

Hi Dascore,very interesting,for a short term view on XJO,I started another square within your green xjo square(tp 26may,30,31may)
Using Thu 19th high 4764(top of square)
Left verticle line between mon 16may low 4641 and tues 17may uptrend.
In view of Fri down and Mon being the same,due to overnight market,
would you say that this is a start of a new downtrend square,the bottom and square size being uncertain with 3 possibilities
a)We dont reach support 4641
b)We bounce off support 4641
c)We go through support 4641

OR I am viewing it incorrectly and should just stay with the green current square.

Thanks