At least according to Elliot Wave theory, the new wave 2 closes right above the previous wave 3. And this kind of concludes that there is still long way to go back up from here.
I could be wrong, but that's what my eyes are showing me right now, like if you agree, comment if you can enlighten me more about Elliot wave theory
I didn't pay much attention to the future targets on this chart, so please neglect the new 3rd, 4th and 5th wave, those are not price targets or anything.
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