For those hoping for a cup and handle reversal it looks very unlikely, it looks like a typical wave 4 breaking the channel in both directions with a continuation symmetrical triangle.
Bulls last point of defence is at $180, a break will likely see us down to $55 with a potential to go all the way to $20 on the yearly S2 confluence with the wave 5 target.
Bulls last point of defence is at $180, a break will likely see us down to $55 with a potential to go all the way to $20 on the yearly S2 confluence with the wave 5 target.