In this scenario, we are also on the (b) wave of the (X) wave. I expect PTBA to drop again for a bit.
The 200-day MA could offer a strong resistance for the (c) wave. It could poke through, but I think its gonna continue to the downside afterwards.
The 200-day MA could offer a strong resistance for the (c) wave. It could poke through, but I think its gonna continue to the downside afterwards.