The advance from the 2017 has enough gyrations to suggest a potentially completed impulse wave (5 wave advance). A strong move below 65.00 as well as an impulsive decline would be a good sign to support further weakness and suggest wave  had likely ended. A correction in 3 waves would be favored once any 5 wave advance has ended, so in this case of this idea, a move towards 55.00 – 50.00 would be a good target, from there the bulls can reevaluate the market and decide if any downside is completed.
Do you have a stock that you want evaluating? Purchase a consultation call and get an independent review through the lens of Elliott Wave. With the US stock markets vibrating around the previous all time highs, it may be prudent to think about protecting any gains you have.
Click here to purchase a consultation call CLICK HERE
Click here to purchase a Elliott Wave report CLICK HERE
Note: If you are a member, you can email me or send a tweet for an update if you are thinking about trading this stock.