$BB - RC -
Added 2023-10-17 11:28:15 +0000 UTC$BB was performing well up until June and moving in controlled impulse movements but it all went messy from July onwards, with wild swings which is unsettling behaviour, shorts covering and traders getting out on any bounce.
Once you see this behaviour, it is time to get out, it means the bulls are not in control and the impulse wave has no strength.
Once the double top hit at Wave B, sellers left very aggressively and that is why this has dropped from $5.80 down to $3.60 now.
The best that can hoped for here is that this moves sideways now and consolidates.
This does not want to go down and test the blue line at $3.16, not holding this level would put this in real danger.
