We are one month into this price range without any resolve.
Rectangles typically break upwards. We did have a breakout but ended in a false break.
Now a pre-breakout structure is forming with price moving steadily towards bottom of the rectangle.
IMO breakdown is coming within the next few days.
Rectangles typically break upwards. We did have a breakout but ended in a false break.
Now a pre-breakout structure is forming with price moving steadily towards bottom of the rectangle.
IMO breakdown is coming within the next few days.
Comment:
Now to see if the breakout holds.
Comment:
Corrective wave ABC looks completed. Last chance to short IMO.
Comment:
Daily Chart rejection.
Comment:
Wave 3 / C is action.
Give price another 2-3 weeks before a swing low (wave 5:3 or 5:C) is formed. Likely around 24-25k region.
Give price another 2-3 weeks before a swing low (wave 5:3 or 5:C) is formed. Likely around 24-25k region.
Comment:
We should be in Wave 4 now. No change to target. Invalidation above 28.6k.
