As a result of my previous related idea which said prices would not exceed $12,000 (see link below) here is what I think is coming next.
Well nothing can come next except an impulsive decline according to the wave structure I am seeing which should unfold in another Zig Zig lower.
So in my opinion this is wave 1 of A followed by an ABC correction.
Well nothing can come next except an impulsive decline according to the wave structure I am seeing which should unfold in another Zig Zig lower.
So in my opinion this is wave 1 of A followed by an ABC correction.
Note
Wave C spat out an extra Wave 4 and 5 because of the nature of the initial thrust it is alternation at work which is fine the count still stands and I expect prices to turn lower shortly.Note
WAVE 3 COLLAPSE IN PROGRESS.
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Disclaimer
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.