If you compare the March-April correction you can see we are forming a very similar structure for the reversal. We have RSI and MACD bullish divergence building over the past week or so and it looks like the sellers are getting exhausted. Always a chance for another push to test lower, but I don't see any reason it would go below 65 and it may already have found bottom at 73. Refer to the March 31-April 2 chart for where we are now in the process. Remember - bottom is a process, not a specific number. The predicted continuation of the Elliot impulse aligns well with the resistance points/fibs already established, so it should be pretty predictable for the next few moves.
評論:
So, the timing was just a bit off, but the targets are being hit.