Boucing within the channel boundaries. Now upper to be reached
Today's selloff resulted in a entire impulsive manner. Now there shall be a corrective movement to greenish rectangle.
ABC correction is coming to the end soon, but still there is a room for some more decline.
Fundamental situation of Groclin let it wait for a serious moderate rally, however technical situation is pretty clear - need a lot of money fuel for inclines as the correction after impulsive movement shall be over now.
I was expecting more extensive rally up but present one meets requirements for 5th wave. From this point of view, untill the price overlaps last ATH I am trading as red line follows. Interestingly if the wavecount is entirely correct we are about to experience a general corrective movement since the march 20'. In that case we are on the a few months gradual...
Correction seems to be over. Now significant volume is required to push up the price to 4's level.