Follow up on this: 
Price shot up to test the triangle trendline once again. Now the price is trading very close to a very strong support level.
Based on Elliott Waves, I expect this level to break to make a new low, at least till $58-$60. Since this is the last leg of correction, it is likely to be a sharp drop.
Price shot up to test the triangle trendline once again. Now the price is trading very close to a very strong support level.
Based on Elliott Waves, I expect this level to break to make a new low, at least till $58-$60. Since this is the last leg of correction, it is likely to be a sharp drop.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.