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Looks like a large Elliott wave is just coming to an end.

Currently in a downward trend and are trending on the bottom trend line, should pop back up and stay over 75c to confirm reversal.

Reversal with a new Elliot wave with first wave pushing to 90c. testing previous support/now resistance.

Then dropping back to around then 80c region before the next wave up to $1 before re-testing support for the final leg to 1.25.

SMA 200 sits at 1.04,

For educational/testing theory purposes. Not intended as investment advice.

Would love to hear your thoughts, theories and analysis..




Chart PatternsTrend AnalysisWave Analysis

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