Elliot wave 4 im counting here which could form into a Descending triangle and spill to the downside.
Downside target imo as shown.
Watching for Descending Triangle to form something of ABCDE, imo invalidation would be sweep above A, then would look into another scenario which might be rectangular continuation or could look at Bull case 'IF' it appears, but for now i need to see more price action to really nail it.
Downside target imo as shown.
Watching for Descending Triangle to form something of ABCDE, imo invalidation would be sweep above A, then would look into another scenario which might be rectangular continuation or could look at Bull case 'IF' it appears, but for now i need to see more price action to really nail it.