Likely will continue in this ABC corrective count after getting rejected at the 200 Day MA and we can see that the 50 Day MA has now crossed down through the 200 Day, which is a bearish indication.
Holding support at the 0.78 Fib or 0.88 Fib will be important here to turn this around and show signs of a reversal.
For now, there is still some more downside to go.
Gareth Neary
2023-07-31 23:38:13 +0000 UTCSteven Richards
2023-07-31 23:32:00 +0000 UTC