I think this drop could (should) go much further than my original chart.
The orange Elliot Wave is a copy from the mid December 2013 crash. It seems to fit in relatively nicely with the current trend lines and markers I've already used and brings the price back down to the black trend line (bottom of previous sell offs).
At this point it should gather support and slowly work it's way back up to new ATH over the coming 4-6 months. It may then peak around late July-early August before the bubble pops once again.
Comments?
The orange Elliot Wave is a copy from the mid December 2013 crash. It seems to fit in relatively nicely with the current trend lines and markers I've already used and brings the price back down to the black trend line (bottom of previous sell offs).
At this point it should gather support and slowly work it's way back up to new ATH over the coming 4-6 months. It may then peak around late July-early August before the bubble pops once again.
Comments?