Uptrend support line not yet broken - a positive imo
Elliott Wave: Intermediate (weeks to months) wave (5) of five wave impulse UP probably completed. Otoh we could be looking at the commencement of minor wave 4 (down) of a yet to be completed (3), ie: (3)4, which would be really really nice!
The future? Given the rapidity and extent of the pullback I think that we might see a drawn-out 3 wave (or even a 5 wave triangle-especially if it is the commencement of a minor wave 4 of (3) ie: ABC or ABCDE) rather than a short sharp intermediate wave correction.
Happy to be proven wrong though if it zooms again.
jmo dyor
EXT Price at posting:
$3.92 Sentiment: None Disclosure: Held
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