Price has com up to hit the back of a sliding parallel, and is showing a bit of weakness. I think that we will see more overall consolidation here at the 2791 area as price is losing momentum.
Price has dropped down as predicted, and now we are at a possible resitance point to the downside. Look to see if price will break down from here. We could see a possible ABCD correction to the downside here with an eventual target near 2425. Look to see what develops in the next few days.
Price had formed an action reaction set to the downside as marked, and now we are following the pitchfork to the upside. If price breaks out of this fork to the downside, look for continued downside pressure afterwards.
Because of the quick move between A-B, I have created the modified schiff fork to the downside, which is showing good frequency as marked with the arrows to the downside. This could very well be the controlling fork to the downside.
Price has dropped as predicted after hitting the median line. We have bounced off support at 2542 that was marked as a possible support area before. Look for price to hit resistance again shortly at the upper yellow line action reaction going to the downside.
Price has reached the median line. Price may drop a bit here before trying to continue higher.
Price has dropped and is resting on the sliding parallel and also suport at 2832. Look to see if price can hold here to try to make a move up. If we break, look for 2810.
Price has dropped from warning line 1 to 2829 at support. look to see if we rise up from here a bit before dropping again.
Price has broke through the upper median line, and is now following the sliding parallel to the upside.
Price has climbed through 2808. Look to see if price will stop here at the top near warning line 4.
Price is now at the middle median line. Look to see if price will hit resistance here and pull back. We are at an extreme now in price.
We are at resistance now at the median line. Look to see what price does here.
Price has hit the warning lines as resistance every time we have tried to break higher. Look now to see what price does here, as we are at resistance again.
Price has gone up through the median line and 2800 and is now possibly retesting the middle median as support. Look for price to continue higher.
Price is near the upper median line and resistance. Look for price to start to continue hit resistance at this upper median line.
Price is at resistance at the warning line. Look to see if price comes back a bit from here.