We've had a large down, i seem to have identified it as a bearish Elliot with a 5th wave extension, I'm expecting an upwards correction, in blue I have highlighted the correction I'm expecting if the downtrend is to resume. And in purple I've highlighted my expectation for a possible recovery of the short term down trend.
This my my own amature interpretation of the technical analysis, I might be wrong, I might be right. Time will tell. Trade according to your own strategy.
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my general expectation has come true, i have learnt again.