Building on my previous analysis, I note that we have broken the bearish iH&S to the downside and there are some likely targets if the price falls through $30k.
In this macro view, we can see the structure of the 3-3-5 correction and the 5 wave impulses down in this last leg identifying the correction is still in progress.
Where do you think it will stop? Could it even retest the all time high of the last cycle at c.$20k?
In this macro view, we can see the structure of the 3-3-5 correction and the 5 wave impulses down in this last leg identifying the correction is still in progress.
Where do you think it will stop? Could it even retest the all time high of the last cycle at c.$20k?
