Possible Bat formation.
Probable E wave coming up...
D wave in formation with ascending wedge?
E wave in formation?
Beginning of C wave?
Downtrend begins?
Major Resistance Level + Divergence
growing divergences....
We might want to follow this pair..
Breached trend line... Heading for B wave?
Is a B wave in formation?
If the E wave fails to dart downwards, we may have a change of direction to the upside....
Descending Triangle in formation?
I was scratching my head over wave 5, mmmm...
It's going to resume it's downward journey, I guess..
E wave :-)
Bearish Divergence, & retracement at 0.5 - 0.618 sweet zone on Fibo Levels.
Bearish Divergence