Goes without saying but we need to bust $7500 again and of course all time high!
I was wrong about the pattern but you have to admit it looked plausible.
Maybe the "Diamond Top" pattern as shown has more to run as it did in the Dow Transport 2008:-
So no need to look for the start of W1, again…..
Or let's say, label,W3, doesn't match with the price bar, a drawing thing maybe...
The analysis is fine,drawing needs some work!
But still it won't go further than W5, and that's slightly above W3, but do a Fib. math...