Just having a look into what could be the start of a downtrend.
Did we have a Minor wave 2 having a higher high wave b, signalling a strong Minor wave 3? Did Minor wave 3 went to about 2,618 x Minor wave 1, confirming the signaled strength? Are we having (if not finished already) a Minor wave 4 that: - Has retraced about 38,2% of Minor wave 3? - Is challenging the bottom of the Minor 1-3 channel? - Has not made a...
Could a triangle be forming now in Minuette degree, anticipating the last drop to complete the big Minor wave 4 ? Just one possibility among dozens of them.
Big long opportunity coming? Let's see how does the market react once it reaches (if it reaches...) the strong support.
Adjusting the analysis in accordance to most recent price action.