Downtrend resumes

2018년 4월 6일

- Hidden bearish divergence en the RSI, a set of higher highs while we get lower highs on the chart, and there is also this beautiful rising wedge which should eventually break out downards


- Bearish pennant (56% of going down)



If we do break the pennant upwards, i see a possibility of reaching the big resistance for a 0.618 retracement.

Elliott Wave count: Corrective wave 2 of the last cycle before what should be a nice bounce.