Elliot Wave Analysis - Published 02.08.2016
We're seeing a pullback to the 61.8 fib retracement and 23.6 fib of the previous impulse, while being overbought on the RSI.
We're seeing a pullback to the 61.8 fib retracement and 23.6 fib of the previous impulse, while being overbought on the RSI.
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We have seen a steep decline since the price bounched of the 61.8 fib as expected. I see further downside even through we have a couple of high news days.
