Short-term pain, longer term gain. Wave 4-of-C in progress for this particular wave-count.
I posit an initial move to ~$3520 to complete wave 4 followed by a subsequent move to ~$4750 to complete 5-of-C. The Green box represents the final target before a move down to ~$2400.
The Blue and Orange traces represent the 200 and 50 week moving average respectively (plotted with daily precision). I expect these to provide solid support/resistance when encountered from above/below respectively.
I posit an initial move to ~$3520 to complete wave 4 followed by a subsequent move to ~$4750 to complete 5-of-C. The Green box represents the final target before a move down to ~$2400.
The Blue and Orange traces represent the 200 and 50 week moving average respectively (plotted with daily precision). I expect these to provide solid support/resistance when encountered from above/below respectively.