Corrective Elliott Wave pattern nearing completion. Note also positive divergence forming on MACD. Future impulsive rally thru 16.20 will indicate significant low is complete. A corrective 3-wave pull-back from a 5-wave move over 16.20 will set up a long entry with stop at coming low. Confirmation comes with price moving higher than initial 5-wave rally high.
See also hourly and weekly analysis.
See also hourly and weekly analysis.
