At this moment we are in bear territory after the 60K top that i predicted. The pattern formed around 60K is a classic rounded top. We are below the 200 day ma for a couple of weeks, which has crossed with the 50. We will probably zig zag down to the 200 weekly Ma, to find solid support for possibly a bullish breakout. The more bearish scenario of the elliot irregular flat correction pattern is still open for me also, i will be looking at the action around the 200 weekly ma.
Update? looks like a nice view... sort of broke it.
Bullbrain
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@ofcoursebutmaybe, still waiting to touch the 200 weekly MA and than see what happens, maybe it will be a bear trap and a bounce back up.. we will see.
sallyien
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@Bullbrain, bro weekly rsi is oversold and wait for next year to see 200ma weekly hit