Having found brief support off of the lower wedge line price has failed to make ground.
Breaking downwards through it leads me to believe that we are headed towards low $200s
I'm expecting a quick in/out opportunity at the end of wave 3, so 1365 cny / $220
Then to low $200s before retrace up to the hallowed $270 we all expected from this last rally, but which I gather, has alluded us by this expanded wave IV upwards wedge.
Breaking downwards through it leads me to believe that we are headed towards low $200s
I'm expecting a quick in/out opportunity at the end of wave 3, so 1365 cny / $220
Then to low $200s before retrace up to the hallowed $270 we all expected from this last rally, but which I gather, has alluded us by this expanded wave IV upwards wedge.