Purple lines represent an ABCD move.
Point A is 23.69. This is near our entry of 23.39
Yellow lines are a descending channel.
The fall can be rapid.
I expect a bounce where the beige channel meets the lower mustard colored channel. The bounce could be to the red line.
This could be followed by further downside for several weeks.
Point A is 23.69. This is near our entry of 23.39
Yellow lines are a descending channel.
The fall can be rapid.
I expect a bounce where the beige channel meets the lower mustard colored channel. The bounce could be to the red line.
This could be followed by further downside for several weeks.