Comments on the chart. Price taking out the 95 handle means the downside is complete
Commentaire:
idea still playing out. I think 88 is achievable eventually but I am aware of the oversold nature of this market
Commentaire:
strong downmove today. Now price has gone below the wave 3 low so I am now on the lookout for the completion of wave 5. I still think 88 is reachable but the market, not me, will tell
Commentaire:
Wow we got reversal price action today hinting that a retracement has started. There could be one more plunge to complete the wave count but for now the downside has slowed
Commentaire:
Price touched 88.50 before moving up. A retracement might ensue but according to EW rules we could still go to 88 after it is done