Classical Elliott Wave structure. Correction in Wave IV is forming W-X-Y structure. Down trend Support of parallel lines of downtrend channel Resistance of key level Pinbar formation - reversal signal in candlestick analysis.
hi,
it may be that you see right but april made a strong bullish candle and therefore i think that here - except necessary correction, we will not see any significant falling prices for a few more weeks ...
according to this chart it says:
*** every closing price on a daily basis over 90.26 = bullish
*** first closing on daily basis below 89.77 = bearish
*** daily: green cloud supports this view
it may be that you see right but april made a strong bullish candle and therefore i think that here - except necessary correction, we will not see any significant falling prices for a few more weeks ...
according to this chart it says:
*** every closing price on a daily basis over 90.26 = bullish
*** first closing on daily basis below 89.77 = bearish
*** daily: green cloud supports this view