Personally thinks Taxi about do to a reversal. Maybe after this post then it decides not to. lol
Testing another MT estimate. Price could be range bound at current range for a few days before breaking up. Cheers
Repost with right estimation period: 5-6 months
Shall inject some hope since this poor thing is getting neglected. First look, uptrend channel still intact from daily chart. In fact right now I would consider boat is back since it is in the demand range of the uptrend channel.
From an Idiot Wave POV,
W2: Did deep correction (>50%) of W1.
W3: Did a 261.8% extension of W1
W4: Did a flat correction (<50%) of W3
W5: Should do just a 61.8% extension of W3.
I would expect limited downside as indicated in my SL level and the uptrend should continue.