The triangle TL hold.
Also confirmed by a decreasing momentum and volume throughout Wave E.
Both picked up significantly to mark the ending of this wave 4.
There was a clear read of wave (c) and wave c on macd.
Surprisingly PA didn't overshoot the triangle TL, there was no false breakout. to the downside.
Current correction might see a slight retest or throwback close to it.
On this chart :
The green lines are significant resistance, simplified target obtained from previous pivot, fib, retracement and MA.
The purple lines are significant support defined similarly.
Also confirmed by a decreasing momentum and volume throughout Wave E.
Both picked up significantly to mark the ending of this wave 4.
There was a clear read of wave (c) and wave c on macd.
Surprisingly PA didn't overshoot the triangle TL, there was no false breakout. to the downside.
Current correction might see a slight retest or throwback close to it.
On this chart :
The green lines are significant resistance, simplified target obtained from previous pivot, fib, retracement and MA.
The purple lines are significant support defined similarly.