This chart is not showing me bullish indications, head and shoulders formed from the bear flag neckline. It is already extended and needs to pull back, like it did nicely for Wave 2. We can see that the 1.618 Fib level cuts through the trend line at an important point...so this is what I am watching now, if it breaks below this level and rejects trying to get back in, this is coming down.
Gareth Neary
2023-04-12 19:51:56 +0000 UTCJohn
2023-04-12 19:49:04 +0000 UTC