
Look for a set of corrective waves. As long as the lower edge of the holds the larger uptrend continues. This sort of following divergence indicates that the price is in for a significant correction. I expect a bounce along the way before it finally bottoms between $4600 and $4400. It is best to set stops below this . If it exits below the I expect a test of $4150.
Published at Fri, 12 Apr 2019 06:17:41 +0000
