Posible to see back test of mid fork before going to high. Failure at mid fork would negate idea. Just an Idea not trading advice.
The patterns show the possibilities. Like always the market will decide.
Support is at .72 and falling, a close below there and my next support is at .52 First resistance is at .82 second upper rail of falling wedge at .90.
the target is supported by the back test of the mid line of the projected fork, bottom rail of falling wedge, finish of 5th wave,
Ego has a small inverse HS pointing at 1.15 area hit the neck line and has been selling off with decreasing volume. Base line at .90 conversion .91 Vwrap .92 on the daily.The only problem is it is EGO.
ABC target 1334 on 9/14 looking for tag of bottom of parallel channel to begin C wave, or break out of B channel. SL below parallel or B channel.
