This median line of the pitchfork has offered pretty strong support over a number of years so I have posited a count here that shows a possible bullish way forward after perhaps another drop to the 78.6 fib retracement. Would be a brave man or women to buy it here after the price action of late but will be interesting to see if it can at least start forming a base (if in fact markets still do that). Of course, a strong break through this support could suggest the opposite.....total carnage!
Kommentera:
Do these markets ever "build bases" these days or is the V-bottom/top the only way these days?