If you remember my best guess 1 it dropped less than I expected to the 50 % correction level, then bounced to a newer short term high only to drop to lower short term low (see link below): a trap of sorts. I favor this is just a form of tricky correction the EWT folks call a irregular flat. And today it stopped at about the .62% level which is common. IF. This analysis is correct we may well see a good up bounce from here. The positive reversal in the daily RSI supports this idea. Will know soon. Take care.
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I think there a good chance my analysis is wrong. I expected a strong up bounce but we got a sideways triangle. When prices go down into a triangle they often continue down out of the triangle. So I closed my long position.
