Expecting further retrace for ETHUSD
I wanted to post a quick update on my ETHUSD count. I am still tracking it as a larger flat ABC, with us currently being in an ending diagonal for wave c of B. We should expect at least a 90% retrace of wave A, or around $175. We could double bottom around $167 or even make a new low before a secondary rally. I am still targeting $125 after this correction, which may be over. My current targets are based on the 1 and 1.382 fib extensions of wave (a), which all happen to be below the 90% retrace of wave A.
*THIS IS NOT TRADING ADVICE*
*THIS IS NOT TRADING ADVICE*
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