BOX: Retracement In Progress
BOX has completed a 5 wave leading diagonal and is currently consolidating its gains.
The completion of a 3 waves consolidation will bring it to high 20s onward.
At present, Minuette Wave b appears to be completed.
It could still extend further to create a more complicated wave pattern.
Once completed, it will bring prices down below Minuette Wave a to complete Minute Wave ii.
Critical Support: A break of its leading diagonal low at 8.82 (dotted red) will invalidate this analysis.
The completion of a 3 waves consolidation will bring it to high 20s onward.
At present, Minuette Wave b appears to be completed.
It could still extend further to create a more complicated wave pattern.
Once completed, it will bring prices down below Minuette Wave a to complete Minute Wave ii.
Critical Support: A break of its leading diagonal low at 8.82 (dotted red) will invalidate this analysis.
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