$JSEDSY - Discovery: At An Interesting Juncture
See link below for previous analysis.
Discovery has traced out the three wave decline I forecasted after the five wave advance from 10073 to 16042.
The decline is labelled as a zigzag with a triangle wave and wave is now near the support trendline of the falling channel.
There is no evidence of a reversal yet.
For this bullish, bigger picture ABC outlook to remain valid, wave B must terminate above 10073.
I will remain neutral until price action gives signs of a reversal.
Discovery has traced out the three wave decline I forecasted after the five wave advance from 10073 to 16042.
The decline is labelled as a zigzag with a triangle wave and wave is now near the support trendline of the falling channel.
There is no evidence of a reversal yet.
For this bullish, bigger picture ABC outlook to remain valid, wave B must terminate above 10073.
I will remain neutral until price action gives signs of a reversal.
