Near term, a 4th wave is working towards resistance from the 6/11 high at .7578 and the 38.2% of .7891-.7445 at .7615.
However, we do not know what the form of the rally will be. The most likely patterns to unfold are a triangle or a flat.
Near term, a 4th wave is working towards resistance from the 6/11 high at .7578 and the 38.2% of .7891-.7445 at .7615.
However, we do not know what the form of the rally will be. The most likely patterns to unfold are a triangle or a flat.