My previous post (link attached) expected a dip to ~$6000 when we completed the Expanded Flat retracement.
However, market has since been choppy & kinda sideways for the past week.
This leads me to believe that a corrective combination of some kind is in play, and here I outline a potential wave count.
Ideally, price should retest ~$7550 & fail to break above, thus completing Subwave E of Wave Y (Triangle).
If this plays out, then it's highly likely that we will see $6000 soon.
Follow me on Twitter for updates / potential trade ideas: tradescendent
However, market has since been choppy & kinda sideways for the past week.
This leads me to believe that a corrective combination of some kind is in play, and here I outline a potential wave count.
Ideally, price should retest ~$7550 & fail to break above, thus completing Subwave E of Wave Y (Triangle).
If this plays out, then it's highly likely that we will see $6000 soon.
Follow me on Twitter for updates / potential trade ideas: tradescendent
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Related publications
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.