As always, candles don't lie. We have completed Wave 5 at a key resistance. These doji daily candles are done and we have a great short opportunity at play. Resistance is at $43 and it can't close above it. I am going to ladder short this so I don't get wicked out. I have the ABC correction laid out with Fibonacci levels that traces back to Wave 1. Momentum and the RSI are also flipping bearish.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
First TP $36