Following on from my previous stock ideas, I'm expecting a further downswing after the consolidation bounce on most stocks for a Wave 'C' once the bearish continuation symmetrical triangle breaks down Waiting for directional break currently
with the latest bounce from support (wave B) It is the perfect time for another wave of bearish pressure to ensue from here The chart will lead the news, down movement starting before the news hits
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Breakdown occurred, could see some support on the weekly for now with a 'retest' of the previous lower support line from the triangle before breakdown continuation
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slow and steady decline for now
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This is the area we can expect to hold as support, could be some extended green activity amongst the stock market in the coming weeks
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Related charts are scattered throughout this idea: