Description
⋅ This huge jump to the upside is still registering as a bullish move in a primary bearish trend.
This move to the upside is likely a 4th wave of 5 to make up wave A of a 5-3-5 Zig Zag correction.
Look for selling interest to return as price zeros in on the next couple Fibonacci levels. This should start wave 5 to complete wave A.
This is a weekly chart, so a long term correction should be in order.
Thoughts?