A few more days of data from my previous post and I see an upward wedge, potentially a leading diagonal forming the illusive wave 4 of the larger downward impulse.
Serious double top at 4 perhaps confirming this.
I'm looking for a break down through the lower red line to confirm this...depending on which fib I choose, this targets low 200s or if you use wave 3 for instance, 1.618 from there points at 172 :-/
Otherwise we bounce off of 233/235 which is roughly 71% retrace of the rally up.
Serious double top at 4 perhaps confirming this.
I'm looking for a break down through the lower red line to confirm this...depending on which fib I choose, this targets low 200s or if you use wave 3 for instance, 1.618 from there points at 172 :-/
Otherwise we bounce off of 233/235 which is roughly 71% retrace of the rally up.