Simple chart for the near term. Either it wave C is set lower and we push up towards wave's A anchored VWAP, or we put in a lower wave C headed into earnings.
rsi is december level, still didn't bounce back. If it's a new resistance level, 42 is new low. What do you think?
Modus777
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@Duarte_Vlad, If you look at the 4 hour chart we got a decent bounce off that 0.236 Fib level. The daily candle also looks "almost" like a golden cross. I'm looking for this to hold or else wave C will be much lower than A, but that bounce off 42 seems good. We might also trade sideways, we'll see!