The Interim down trendline seems quite a strong pull meantime and causing the bearishness along with recent China events!
Target still below $3000 but doubt it will fall below $2000 unless significant news forces it to test MMXIII all time high?
I am applying the 36% rule at (b) rule in this abc correction before any drop so if it violates $4122.70 then this pattern is probably invalid!
thepatternsite.com/abc.html
Target still below $3000 but doubt it will fall below $2000 unless significant news forces it to test MMXIII all time high?
I am applying the 36% rule at (b) rule in this abc correction before any drop so if it violates $4122.70 then this pattern is probably invalid!
thepatternsite.com/abc.html
Comment:
Ofc I mean 36% = 36 degree angle from MMXVII all time high
