I don't see any indication that we have reversed from this bear market.
I expect we will bounce up off the 23.6% Fib retracement and then bounce down off the bearish trend line. After that, I anticipate prices dropping until we reach support at 5,300. Once we have completed the final 5th Elliott wave, I expect we will finally reverse direction.
What do you think? Any questions or comments?
Thank you,
I expect we will bounce up off the 23.6% Fib retracement and then bounce down off the bearish trend line. After that, I anticipate prices dropping until we reach support at 5,300. Once we have completed the final 5th Elliott wave, I expect we will finally reverse direction.
What do you think? Any questions or comments?
Thank you,