Firmly in the downward trend and following our trajectory nicely, likely bounce towards the end of last week with the market but appears to be Subwave 4 of Wave 3.
I've noticed a large descending wedge (in yellow) forming now and getting tighter as we approach March, any breakout of this wedge and it may turn bullish, fundamentals are still quite high at a PE of 36 if it were to break out now.
Gareth Neary
2023-01-09 14:56:39 +0000 UTCJeff Akrawin
2023-01-09 14:55:50 +0000 UTC