Good morning everyone,
Thanks for that great detail TA, Lapdog, and for your research, Lekki.
Lapdog, I've been toying with a reverse H&S but am loathe to call it prematurely. I'm still not convinced, but if the SP is to break resistance then it may be the case.
I've taken the gradient from the similar $38 SP on April 4 this year, to the $50 top on May 16, and transposed it to the SP from now forward.
That projects $50 on August 30.
For the Elliott Wave to project $52-$56 but in 10 fewer days, that gradient has to be much steeper.
down almost 6 percent in new york, page-25
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