Remains in bounce territory, the blue line has held support 4 times since 2020 here at $116 so this is an important level to hold.
I have the next move up to Wave C if this can hold the blue line level so this is certainly something to watch and it has been beaten up heavily to get down to this level so it is due a bounce, or a relief bounce at the very least.
Frank
2023-10-19 21:06:11 +0000 UTCDaniel SI
2023-10-05 13:25:08 +0000 UTC