The retrace to .618 with a rejection tells me that we will go back to the .236 and we'll either break down or up from there. If we break up I think we'll take that to at least .886 to form a bearish bat. Or we could go higher for a full retrace, possibly a double top or new highs. If we break down It looks like a 1.618. Overall we're definitely in bearitory for next few weeks at least. If you're an investor I would be looking to be adding on these dips but always keep some powder in the keg for some lower lows. If you're a trader then there are likely a ton of setups. Good luck!
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Looks like this will be invalidated above 4590. Let's see.
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double top but pattern still valid. Also formed an ascending H&S which could bring us as low as 4290.
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Order storniert