Updated Elliott Wave degrees and counts, adding alternate count. The possible triangle circa 2013 made me reconsider the impulsive count in wave (C). Primary (white count) remains an Ending Diagonal. Support and Resistance unchanged from yesterday's hasty post.
Rising support on MACD may hold positive divergence through a lower price low into the presumed terminal low for either count. "Bottom is in" scenario only holds with impulsive move into resistance, followed by corrective retrace, then price taking out resistance higher.
Rising support on MACD may hold positive divergence through a lower price low into the presumed terminal low for either count. "Bottom is in" scenario only holds with impulsive move into resistance, followed by corrective retrace, then price taking out resistance higher.