Elliot Symmetrical Triangle Correction? Personally I still feel bearish, but this looks almost exactly like the horizontal triangle correction referenced here: http://stockcharts.com/school/doku.php?id=chart_school:market_analysis:identifying_elliott_wave_patterns
No idea what im doing, just looking at patterns, not investment advice, DYOR, etc.
No idea what im doing, just looking at patterns, not investment advice, DYOR, etc.
Comment:
In addition to the elliot wave pattern, the Stoch appears to be pushing upward (coinciding with the "E") The RSI looks to be bottomed out as well. Could prove to be bullish at least short term.