Looks like we have one more down leg on an Elliot correction wave. We have not broken the downtrend yet. I expect another retest of the latest lows or a test of the 200 day moving average
Note
I was a little early but the Elliot wave will be confirmed on on Monday. If we break 280 the 273 is the target. If we hold 280 it may be a bottom. Long term still very bearish. It might test January lows
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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.