On my previous analysis GN failed to clear the green trendline and continued lower and confirmed the downside below 17494. Downside target zone 17354-17243 for the time being, however depending on the price objective it can still go lower to about 17150-17100. GN could consolidate/reverse from 17354-17243, look for reversal price structure and possible termination of the correction from 18950.
This is likely forming either a WXYXZ or a ABC structure.
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Thomas_Georges
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are you long or short please
Trading1to100
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@Thomas_Georges, At this point I have no position unless it gives me my entry to short/long. Taking a trade on either(short/long) will get you whipsawed. it is nearing completion and patience will be rewarded.