First the Daily Chart:

Wm%R(75) and ADX(14) are still very Bearish. Although the CCI has turned up, the RSI(5) has turned down. SlowSTO has not turned yet. Would expect it to turn up and cross the 20 line (see green circles) before a buy is triggered….

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Next a closer look at the 2HR Chart.  I’m showing a possible alternate count…. the triangle that continued forming today looks more like a wave iv. I expect a drop down to wave v …  Calling the (iv) complete at this point makes sense if you look at the lower timeframe charts… The triangle formed today also looks like a bearish pennant… EWO validates this new count… Note also that the CCI, RSI, FastSTO, SlowSTO, and ULT are all pointing down…. this should take a day or two to resolve

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