“Although the dip to $56,500 may have completed the correction, I still expect to see a price of $52-55,000 before wave 4 completes,” Glover said, referring to the Elliot Wave theory, a technical analysis that assumes that asset prices move in repetitive wave patterns.
ABOUT AUTHOR
- Truck maker Volvo’s third-quarter adjusted profit fell more than expected, according to Reuters
- One Direction band members ‘completely devastated’ by Liam Payne’s death According to Reuters
- Venmo partners with MoonPay to make cryptocurrencies available to 60 million users in the US
- Tokyo inflation likely to exceed BOJ target for first time in five months: Reuters poll By Reuters
- New home prices in China are falling at their fastest rate since 2015, according to Reuters
- Australia’s Flight Center Travel hits lowest level in over 10 months amid dismal first-quarter profit growth Author: Reuters
- Buffett’s Berkshire continues to reduce its stake in Bank of America
