My bear to Bull take on ETH ($550 to rebound to $2050)

I believe we'll see an ABCDE retracement and we'll see a big sell off from $760 to hit close to $550 (Head and shoulders pattern)(rebound off indicated Fibonacci level). I see this happening because it will create the possibility of higher gains for the big money pushers to hit close to the $2050 target at the end of wave 3 (the 1.618 Fibonacci level shows the possibility of that happening).