Initial crack below the channel identified, has the bears taken over?
As the entire move up seems to be an ABC, the bias is for a move down, at least for the short term.
Price could still correct back up before lower as the move down from the top look like a completed 5 waves.
Price either break down strongly or correct first before lower. Take your pick.
ps: please refer to related post from the links
As the entire move up seems to be an ABC, the bias is for a move down, at least for the short term.
Price could still correct back up before lower as the move down from the top look like a completed 5 waves.
Price either break down strongly or correct first before lower. Take your pick.
ps: please refer to related post from the links
