Slightly bounced off the 200EMA, under the resistance at 4370, and now all the wise men in the world don't know what this is:
A retest of the neckline or a Wolfe?
Activation of the Wolfe will confirm the Santa rally in the fifth wave towards 4800, and then who knows what might happen.
A retest of the 4370 resistance from below and a break below the 200EMA might activate the Head and Shoulders pattern, but according to the analysis, there is support after support below (in the range of 4177-4123), and there's also the VWAP ATH (blue).
I wouldn't risk it (I'm a coward), but would join the victorious folks."
A retest of the neckline or a Wolfe?
Activation of the Wolfe will confirm the Santa rally in the fifth wave towards 4800, and then who knows what might happen.
A retest of the 4370 resistance from below and a break below the 200EMA might activate the Head and Shoulders pattern, but according to the analysis, there is support after support below (in the range of 4177-4123), and there's also the VWAP ATH (blue).
I wouldn't risk it (I'm a coward), but would join the victorious folks."