The rally last week has reached 38% of the preceding sell-off while monthly and weekly trend readings remain bearish. A Triangle is likely to form above 233.76 before another move lower forms a 5th Elliott Wave.
Nice look. Thanks for posting. Take a look at mine when you get a minute.
seabek
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@lonnobee, looks like you are doing a Falling Wedge that would push prices back up to the beginning of the pattern. I don't agree because the second dip is not below the first dip and t he late 2017 drop was more Impulsive, Elliott Wave term, which is indicative of a stronger move to the downside. Cheers.