Elliott Wave super degree cycle suggests there is more downside. There may be short-term upside moves (caused by cycle degree corrective moves) but in long-term, I see downside, unless we get a truncated 5th wave. In that case, stock will take a complete U turn and start behaving bullish. This first wave of the first grandsuper cycle will complete in another 3 years.
Currently descending triangle is going to break out (99.9% downwards breakout). Since it’s a long-term chart, even the breakout may happen in a span of few months. Here’s the chart.
