Correction wave incoming
Applying the Elliot Wave tells us that the price will go a bit lower (event to 1k) before it bounces on the support line that has formed
Note
We are on track for now and i am expecting it to go up in about 8-10 hoursNote
Considering the bearish nature of the trend and the fact that the support line was broken we may see at least a 50 to 38% retracement
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.