Based on my analysis, this seems to be the top of the right shoulder. My target is the .618 Fibonacci level down at the neckline. I expect a small bounce at the .618 level, but it’ll be a bloodbath if the neckline doesn’t hold. This could take a couple of days to play out so be patient.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
Comment:
You made a killing if you shorted with me. Short closed with money locked. ✅