My previous analysis is confirmed for the red path.
Now we are at the pivot of May, and we would obviously retest the pivot of 2018.
We would encounter our long trend line in black, if we don't form a bottom pattern and break that line, we would see $208 support. Otherwise, we would test the pivot of June which will be located around $650-$680.
The bear market is here, but during June, we may see a reversal.
Thanks for reading!
Now we are at the pivot of May, and we would obviously retest the pivot of 2018.
We would encounter our long trend line in black, if we don't form a bottom pattern and break that line, we would see $208 support. Otherwise, we would test the pivot of June which will be located around $650-$680.
The bear market is here, but during June, we may see a reversal.
Thanks for reading!
