A bullish Crab pattern has formed and the Elliott Wave analysis also confirms that a 5-wave structure is at or near completion. These factors tell me that a short term temporary bottom is approaching.
In case of a corrective rally, the overhead resistance at 37.75 will be hard to break.
Good luck,
Ali Sharif Azadeh, CFTe, MSTA
In case of a corrective rally, the overhead resistance at 37.75 will be hard to break.
Good luck,
Ali Sharif Azadeh, CFTe, MSTA