The idea is that there might be a move downward. Reasons for this assumptions is, that there might be a bounce off the Fib 1.414 + BB. In addition the RSI + MACD show bearish divergence and the MACD-crossing also indicates a sell opportunity.
Since I am really new to Elliott-Waves but wanted to give them a try, I also drew them in the chart. Any Ideas regarding how to correctly draw them is highly appreciated.
Since I am really new to Elliott-Waves but wanted to give them a try, I also drew them in the chart. Any Ideas regarding how to correctly draw them is highly appreciated.
