SUMMARY: Short, an ABC correction is in progress and has bounced off the 0.786 resistance and is forming a new C wave with volume.
The next target is the 1.618 retracement level and is a previous swing low as support, usually a very strong support level.
Please HIT the --->>> "LIKE" and "FOLLOW" button. <<<----
*Not financial advice and is for educational purposes only. Always DYOR.
The next target is the 1.618 retracement level and is a previous swing low as support, usually a very strong support level.
Please HIT the --->>> "LIKE" and "FOLLOW" button. <<<----
*Not financial advice and is for educational purposes only. Always DYOR.
Comment:
If the rejection at 0.618 continues, possible 5th wave impulse:
Comment:
with an rejection off the 50 MA and further bad economic news , could see the 4200 level met.
Comment:
Rejection complete - downtrend continues
