$WING - RC -
Added 2023-09-02 19:57:44 +0000 UTCNot seeing anything more than an ABC corrective move here in this uptrending channel...we are already see the start of a rejection trying to get out of this channel and that is very hard to happen when the previous wave count is a corrective wave and Wave C ends high.
What follows then is a 5 wave move down, as shown here in red.
The price has lost the 50 and 200 Day MA and the 50 day is about to cross down through the 200 Day MA now too, cementing the bearish trend.
Steer clear until this moves down a lot lower.....possibly to the bottom yellow trend line again.
Comments
Ha correct!
Gareth Neary
2023-09-02 22:07:23 +0000 UTCI think this is WING instead of VRT ☺️
Kristof Van Nevel
2023-09-02 22:06:14 +0000 UTC
