Classic 5 way down, with soon expected 3 way HTF correction.
Target: 13-15k as a final move down.
Invalidation: Weekly close above 23,000$.
Levels to watch: bounce box
Signs of potential upside: RSI breakout, bullish divergences on weekly level and close above bounce box.
Target: 13-15k as a final move down.
Invalidation: Weekly close above 23,000$.
Levels to watch: bounce box
Signs of potential upside: RSI breakout, bullish divergences on weekly level and close above bounce box.
Comment:
We are in the final, 5th wave of this Elliot chart.
Comment:
Closing in to 13,000$ target.