Technical Analysis, page-129

This is not a prediction, just my opinion of the most probable outcome based on technical analysis, assuming nothing unexpected in the next announcement.



Notes
1. This is a 6 hour chart and not the same time frame as my last 3 hour chart.
2. Elliot wave in one sentence, "5 waves is direction of trend, 3 in correction."
3. Wave 1 up was 5 waves @ 47 degrees, wave 2 was 3 waves @ 40 degrees,
3. Wave 2 usually retraces 61.8% but only retraced 50%. That is a good sign IMO.
4. Wave 3 on Elliot wave impulses are usually steeper than wave 1. To date that is what we have.
5. Wave 3 of impulse waves have gaps and will break the parallel trend lines from points 0, 1 and 2.
6. Vertical guides at Mar 17 and June 25 show the stochastic crossover AFTER the RSI was lower than 31. This suggests a new low.

All the best fellow holders.