ROG has experienced a 5 wave decline visible on the weekly timeframe. We can now expect at least a 3 wave corrective rally that can potentially reach the golden pocket at $332
Commentaire:
Price ended up breaking below wave 5 endpoint indicated but has now recovered back above it. As such the decline down from 400 likely took place in an ABC move: the A wave ending at 299, the B wave ending at 335 and the C wave which having just ended.