Possible drop incoming - 2014 vs 2020 chart patterns
Both distribution patterns form at elliot wave point 5.
Retrace down to 61% of top to previous top and retrace up to 78%.
After that sideways consilidation and break down after distribution.
Yes the support of the 200 weekly ma is strong, but for how long, we will see.
Retrace down to 61% of top to previous top and retrace up to 78%.
After that sideways consilidation and break down after distribution.
Yes the support of the 200 weekly ma is strong, but for how long, we will see.