Looks like a triangle is forming which could indicate wave 4 with a 5th wave to come to mid $40's.
May see a rise back to the top of the triangle, though E wave can fall short of the upper trendline in some cases.
May see a rise back to the top of the triangle, though E wave can fall short of the upper trendline in some cases.
Comment:
As expected price didn't reach the top of the triangle and reversed from .618 of D wave to end E wave. Looks like it could be going lower from here
