based on Elliot Wave principle, wave 4 can't enter the price territory of wave 1, and refer to the EW alternation guidelines the retrace of wave 2 was a moderate. so combining those two guidelines rule we summaries that wave 4 will be a shallow retrace, around 0.236 Fibonacci level, that means the current price will maximum reach down to 1980$ or even less.
all the best
all the best
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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.