1) Based on pure price action 504 was a
2) EW count - as seen in the chart C=1.618A at 504
3)In the zoomed out version below, we can see that 504 was the level where axis broke out from a falling trendline
A green open on monday can be bought into. Break of today's low takes us to 495.
?? For educational purpose only; not a recommendation to trade??