If we are in wave 5 then the downward channel commencing with a symmetrical triangle is a viable play, the pattern measured move has a confluence with the 1.618 wave 5 extension at around $60. A final ave 5 of 5 could result in a move to $35 which aligns with yearly S2.
I expect more action at the end of week as RSI and shorts are cooling off.
I expect more action at the end of week as RSI and shorts are cooling off.