An Elliot correction wave may have been completed.
If so, this ascending channel would be the flag part of the bearish flag.
Be cautious if this is a different pattern, such as a WXY(XZ) pattern. In that case, the above reading is invalidated.
If so, this ascending channel would be the flag part of the bearish flag.
Be cautious if this is a different pattern, such as a WXY(XZ) pattern. In that case, the above reading is invalidated.
A bearish flag is confirmed.
Highly likely that the correction wave had been completed at (c) on the right.