Elliot Wave: Looks like we just completed ABC correction of previous elliot wave If if this is the start of a downside elliot wave we should see a push past C point low to create a new low If C is the start of new upside elliot wave, we should see a retracement to around the .236 fib of C point before contuniation upside
Notes:
Evening star forming inside ema/sma zone, under 200sma at fib .618 level and just under elliot wave 1 zone stochastic showing overbought macd starting to show decrease in upward momentum
What can go wrong: Might see price enter .764 fib before actual reversal to the downside might see price stop shy of .236 if this is an upside elliot wave
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