1. Top TL hit and rejection.
2. H/S pattern - Target 1610
3. Negative divergence.
The bulls have maintained the rising channel and bought at the mid channel. May be time for a little break here though and consolidate if anything.
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Stock Market Analysis With The Elliott Wave Principle -Dow Jones, S&P 500, Russell 2000, Nasdaq and FX. All charts and commentary on this site are strictly the opinions of the author(s) and are for recreational purposes only. In no way should this be construed as trading advice or a recommendation for investing. See disclaimer at the bottom of the page.
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