$MRK - RC -
Added 2024-08-26 13:25:46 +0000 UTCI am not particularly bullish about how this is forming
With a potential for a Head and Shoulders forming here too in this ABC correction
50 WMA has been lost here too, with a retest of this moving average next.
If this does not turn around quickly and the market decides to pull back beforehand, I think this will accelerate its ABC correction.
I would not be bullish here until there is a hold above $134.
