Has broken the past 3 days daily lows after making a recovery high 227.45, bearish! The gap up has closed, wave 3 down in force with break of 197 to confirm, from 227.45 if 3=1.618 x 1 then 191, assuming the most common relationship, but can be in multiples i.e. 2-5x, thereafter 4th up, then 5 down likely same length as 1 from wave 4 top.
pechi123
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Likely a C wave of an upward correction A-B-C complete @ 227.45 under E wave 233.66 of a bearish contracting triangle, 1st confirmation break of 209.17 then 197. Double failure swing high 344.66 against 3/10 high 348.50, both under all-time high, and violated wave 1 (218.93) an Elliott Wave rule violation. If 233.66 is somehow violated then this count is wrong otherwise much lower.