Possible intraday Wave Count - could this be a minor wave 4 retracement.
Price has moved away from the $ 1300 level , and may move towards the Monthly Pivot ( and the .5- .618 wave 3 retracement, with 200 MAV) .
Then watch for the downtrend to resume with a wave 5 , for a price target at Monthly S1 ( and medium term channel support).
This should be mirrored in the stochastics. ...)
Price has moved away from the $ 1300 level , and may move towards the Monthly Pivot ( and the .5- .618 wave 3 retracement, with 200 MAV) .
Then watch for the downtrend to resume with a wave 5 , for a price target at Monthly S1 ( and medium term channel support).
This should be mirrored in the stochastics. ...)
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Wave 5 achieved.....
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The end of wave 5 ..... around 1280....