After busting the last symmetrical triangle I have been looking for another possibility for this move downwards. I can only come to the conclusion the bottom is not yet in and either the Cats Ear or Large Descending Triangle target will be the next base or spring from there upwards? If we move below the diagonal green broken line then my suspicions have been ...
The world and his brother now familiar with this pattern but will she fulfill her promise?
Now above 200 day EMA and shorter ema' s pointing northward and exited regression channel so neckline(thick white line) should be achievable short term!
I am sure everybody has seen this pattern by now but will it fulfill its promise ~ I am not so sure?
Targets calculated using Elliott Wave Impulse fib levels and Bulkowski for Inverse Head & Shoulders.