Based on Elliot wave the 4th wave came down lower than wave 2 which voids the pattern, the next Elliot wave has taken place again and the second wave has retraced to fib 0.786 which happens to be EMA 100 as well, looking as a strong support specially that RSI is hitting 40 and is acting as a support from here on we expect the price to bounce back and ideally reach to fib extension 1.
NOT FINANCIAL ADVISE
Feel free to suggest or correct my TAs with your thoughts in the comments. and if you'd like more TAs please upvote.
NOT FINANCIAL ADVISE
Feel free to suggest or correct my TAs with your thoughts in the comments. and if you'd like more TAs please upvote.