Broke down below ideal support on the micro structure. UNLESS this completes as an Ending Diagonal to the target box above, price could drop into the minute wave iv support between 2008 - 2027. Below there, larger picture suggests support in a Leading Diagonal off the Feb low (blue count). The purple count is relatively more bearish, pointing to the 1700s eventually - see daily and weekly ideas - but would still find support as an alt (4), or perhaps as a 4th of the larger degree.
BOTTOM LINE: Fourth waves are among the most difficult patterns to trade, no matter which Elliott Wave degree.
BOTTOM LINE: Fourth waves are among the most difficult patterns to trade, no matter which Elliott Wave degree.
