This analysis posits a completed grand super-cycle wave 1 with a GS wave 2 in progress. The two thick Red lines highlight likely resistance to price with an apex sometime in early 2021. Based upon this analysis an 88.6% retracement is a reasonable assumption which would take price down to ~$2250.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.