Strong trendline support looks to have broken yesterday, and now we are fighting to get above it with conviction.
Chart was following a nice elliot wave sequence, but now wave 4 seems to have overlapped wave 1 (failed wave). I need to brush up more on EW analysis to further make sense of this.
Overall seems bearish.
Chart was following a nice elliot wave sequence, but now wave 4 seems to have overlapped wave 1 (failed wave). I need to brush up more on EW analysis to further make sense of this.
Overall seems bearish.