|10am Apr 14th|
The above graph looks to me like 5 waves down to 1303 off 1321 at yesterdays open.
That Changes the price parameters a bit if we consider this wave 1 of the next degree.
which would now let us look for a wave 2 retracement into late today and tomrrow am
THIS PREMISE IS WRONG SEE NEWER UPDATE -J
1321-1303 = 14 pts
14 x 50% = 7 + 1303 = 1310
14 x 62% =9 + 1303 = 1312
both are just under the 50 day line as noted by Abdullah at 1314.
Coming back to fail that line on a kiss back attempt lends further credence to a further decline