I have been considering that we completed a 5 wave structure that may be wave 1 of a much larger bull run if that is the case we have 3 areas to watch for this wave 2. First were now sitting at the .382 and if were super bullish we could go up from this point but I think likely we could see us drop down to the .5 or to really shake everyone out the .618. So if...
Just a possible idea but we may have finished a wave 1 and could be working on the wave 2 in the C wave now. I see a possible bounce at the .5 level around $61500 also lines up with the 200 day moving average if this does hold we could see a target at the 1.618 of around $86000.
This is just 1 possible option that I see if I'm looking for a bull case but you can...
Just playing around first time posting.
From this I believe were in a 3rd Major wave and possibly the 3rd wave of a smaller one.
I have target for very short term at $4.50 for the smaller 3rd wave.
In the Major wave I have my first target at around $5.50 2nd around $7.50 and 3rd at $8.80
This is just for fun thought I would share I did take out all the fibs...
