M&M

M&M Bounced back in wave B only to the wave 4 high near 815, and the daily momentum is back in sell mode. So wave C down may have begun as we are also looking at a H&S pattern here with the neckline at 692. So C=A is at 585 and below the neckline the head projection is at 500. 20dma is at 762 that is also breaking today and once we close below it, it will become a key resistance level as well.