CXO - Chart Thread, page-4378

it’s likely that we would have closed the gap at some point. We also hit the 2.618 extension of a wave 5, a natural point to relax the upward pressure a little. We broke out of an ascending triangle pattern so needed to retest the breakline too. TA says we would have probably moved lower regardless. FA often lines up, it’s pretty cool to watch. Like having glimpses of the future, but only as statistical probabilities of outcomes. the downward pressure was more than I would have expected for such a strong break. But should still recover on the weekly ideally.