Wanted to mark this up on a weekly timeframe. We have been on a downtrend since January 2022. Could this be an impulsive Elliot wave happening to the downside? Considering the recent bear market rally. Who's to say it isnt? The RSI is overbought with the macd still on the bottom side. I would like to see where price is at once the RSI reaches oversold territory. Our targets are at the 50% and 100% of the end of wave 4 to where the end of wave 3 is.
Not advice!
Not advice!