Morning Update: Tracking the End of this Pattern

As we await price's reaction off Fib Support, I want to point to areas where price could bounce from. Larger Support areas are $10.72 and $10.17, whereas on a smaller scale we have support at $10.90 and $10.23. As I get into the minute fractals, I added a blue count which is plausible, but somewhat of a stretch as this juncture. It really doesn’t matter how I look at this pattern. It is either completing now, or will soon complete marginally lower. This is not a pattern that I see reconciling a lot lower than when where it is now.

With no impulsive start...this is a complex ending diagonal that honestly could complete at any time. I stand by my analysis that when it does complete it should move towards the start of the pattern which is in the mid $18 range. It is at that juncture I will re-examine the pattern for an impulsive 5-wave structure to begin to think a bottom has been put in.

Best to all,

Chris