I have adjusted my view and believe the wave 2 correction is still in progress.
Multiple patterns are all indicating a 0.786 retracement is likely.
We have the double top, the bear flag that has formed (blue lines), and the elliot wave count all telling us that the target low is likely to be around $7,200
Multiple patterns are all indicating a 0.786 retracement is likely.
We have the double top, the bear flag that has formed (blue lines), and the elliot wave count all telling us that the target low is likely to be around $7,200