It looks like the correction from my last idea has finally ended. Maybe we stay flat or maybe the volatility continues.
So in my last published idea I had put in a secondary potential fall point, which it seems to have held. Look for a climb to .75 - .80 and then rest of the correction to fall back towards the bottom trendline , .30 - .40. Pay attention to it breaking the yellow trendline, that'll be important. If it doesn't stop at B and blows by it, we could be looking at new ath.
The green correction wave may just be finishing A and headed back towards B (hopefully) and then complete at green C. The other thing that may be going on is this green correction wave being a retracement B wave (black line) on at a much larger scale. Thoughts?
I'm just getting into TA so take it for what it's worth. The sharp downtrend has to eventually lead to a spring back. Are we putting in a D next?
Just getting into TA so... I don't claim anything other than I like drawing lines and maybe I get lucky. There seems to be a hard push downwards, that I'm pretty sure everyone and their aunt is predicting will have to lead to a spring back.