QSR just more explanation
same expectation as before. just more accurate. based on this more chance to decline technically but fundamental Q1 report can change the game as well. both scenarios are visible in the chart.
1st we had a cup and holder pattern
2nd it increased on the elliot wave as expected from cup and holder
3rd both together put the pattern to the rising wedge
4th correction happened in the wedge so far. this much (4% down today) was more than 90% chance to happen from yesterday and nothing special
5th now it is more rejection than going up. but depends on the Q1 report.
sinosical pattern is also matching the high and lows
* bollinger ave band, horizontal support and fib retracement levels can act as a support in case of fall
1st we had a cup and holder pattern
2nd it increased on the elliot wave as expected from cup and holder
3rd both together put the pattern to the rising wedge
4th correction happened in the wedge so far. this much (4% down today) was more than 90% chance to happen from yesterday and nothing special
5th now it is more rejection than going up. but depends on the Q1 report.
sinosical pattern is also matching the high and lows
* bollinger ave band, horizontal support and fib retracement levels can act as a support in case of fall
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