If we break below $33,700, we continue down to test Jan 4th low. If we continue past $37,000 we likely retest $42,000. Which do you think it is: 2nd impulse wave or corrective wave? If we continue as a corrective wave down, $28,000 area will be a good chance of bottom.
Commentaire:
Looks like it's playing out as a corrective wave. Leaning toward that even before break $33,700. What a picture perfect structure for a corrective wave to 28k.