My previous post (link attached) expected a dip to ~$6000 when we completed the Expanded Flat retracement.
However, market has since been choppy & kinda sideways for the past week.
This leads me to believe that a corrective combination of some kind is in play, and here I outline a potential wave count.
Ideally, price should retest ~$7550 & fail to break above, thus completing Subwave E of Wave Y (Triangle).
If this plays out, then it's highly likely that we will see $6000 soon.
Follow me on Twitter for updates / potential trade ideas: @tradescendent
However, market has since been choppy & kinda sideways for the past week.
This leads me to believe that a corrective combination of some kind is in play, and here I outline a potential wave count.
Ideally, price should retest ~$7550 & fail to break above, thus completing Subwave E of Wave Y (Triangle).
If this plays out, then it's highly likely that we will see $6000 soon.
Follow me on Twitter for updates / potential trade ideas: @tradescendent
