In my chart I have drawn all the major impulse and correction cycles:
1. Starting July 7 2017 to 20k -> Retraced to 0.786 Fib ($6000) 2. Starting at $6000 to 11.5k -> Retraced to 0.786 Fib ($7200) 3. Starting at $7200 to $9150 -> Retrace to 0.786 Fib = $7700 ??