There are two potential paths, and either one could play out. Either an inpulse pattern or a corrective one.
The impulse (black count) should target the $100 level and could even reach the $200 price in a blow-off top.
The correction (red count) should target around the $45 price level. Then continue it's path to under $10.
It's too early to choose one over the other at the moment.
The impulse (black count) should target the $100 level and could even reach the $200 price in a blow-off top.
The correction (red count) should target around the $45 price level. Then continue it's path to under $10.
It's too early to choose one over the other at the moment.