This pattern looks like a corrective move down off the top made on March 13th.
Once that current wave B of 5 down bottoms, we should see a strong five wave rally to new highs.
The hard stop is the low of the wave 4 down at 6,634
Once that current wave B of 5 down bottoms, we should see a strong five wave rally to new highs.
The hard stop is the low of the wave 4 down at 6,634
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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.