XEL Elastic Until it Shoots Up
Elastic continues forming an overall cup to its ultimate retrace to .00025. On a short term scale it also seems to be forming a c&h, RSI is on the way down so I expect downward along the gann fan 3/1 until buyers come back to travel through the 4/1. The thin ichimoku cloud might spell more downward action as it either passes through or jeeps rising above it. Yellow dotted lines are historical support and resistance so expect lots of action on those lines as we move up.
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