It sure looks like it if you ask me!
1. Trend got stopped at the 1.618 extension fib
2. Made a head and shoulders trend reversal pattern on the top
3. Had a strong pullback after
4. And is now making an ABC correction to the upside now to get the sellers on board and to go down to the .618 fib retracement.
This is where I expect where the 5th wave will start.
We need some bad news and bearish sentiment to play out so I think we'll see that in the next few months. So fasten your seat belts and ride the waves!
This is my first published non-crypto analysis, so I would be glad to hear what you guys think!
1. Trend got stopped at the 1.618 extension fib
2. Made a head and shoulders trend reversal pattern on the top
3. Had a strong pullback after
4. And is now making an ABC correction to the upside now to get the sellers on board and to go down to the .618 fib retracement.
This is where I expect where the 5th wave will start.
We need some bad news and bearish sentiment to play out so I think we'll see that in the next few months. So fasten your seat belts and ride the waves!
This is my first published non-crypto analysis, so I would be glad to hear what you guys think!