We have completed the first impulse of the upcoming MEGA BULL RUN with a 5 Elliot Wave structure. Now it's time for a healthy ABC correction.
We found some resistance at around 11 000 $. now we are preparing for another leg down which will form a C leg or this correction.
I think the price will drop til 9 100 $ level. This will mean we will finally fill the CME gap. 9 100 $ level also converges with the Fibo .382 retracement from the March-August impulse. It's also a strong support/resistance price action structure (green line).
RSI still has some room to go lower.
GL&HF ;)
We found some resistance at around 11 000 $. now we are preparing for another leg down which will form a C leg or this correction.
I think the price will drop til 9 100 $ level. This will mean we will finally fill the CME gap. 9 100 $ level also converges with the Fibo .382 retracement from the March-August impulse. It's also a strong support/resistance price action structure (green line).
RSI still has some room to go lower.
GL&HF ;)
