If this plays out as a 5-wave down, we could see the 176.4%-200% fib extensions. I anticipated an ABC, but it is possible we see a 5-wave move down. I then see a healthy move up to the $1250-$1750 range.
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I think $500 is a safe bet.
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Lowering my bottom target to $400
Trade fechado: objetivo atingido:
We need to break back above this bottom support line before I confidently call this a bottom, but it's looking good folks. Closed my shorts here.
Either we're breaking down out of this sym triangle and headed for $630 or this is an overthrown wave e aka a "fakeout"