It looks like that mightve been the worst of it. We might have a running flat / Bullish cypher here, and a smaller bullish shark (expanded flat) for the BCD leg of the cypher.
Holding high and tight above the 382. Really want to see a successful checkback above the inflection zone to gain confidence in another test of the range highs.
If the correction is over and a continuation does happen here, we will probably see 26300-27300 pretty fast for the 1.618 and 2.0 extension.
If THAT happens, thatll likely validate the larger picture here, and thats the broadening formation i posted about. The measured move on that could take us to the .618 of the bear market around 38k (eventually)
Holding high and tight above the 382. Really want to see a successful checkback above the inflection zone to gain confidence in another test of the range highs.
If the correction is over and a continuation does happen here, we will probably see 26300-27300 pretty fast for the 1.618 and 2.0 extension.
If THAT happens, thatll likely validate the larger picture here, and thats the broadening formation i posted about. The measured move on that could take us to the .618 of the bear market around 38k (eventually)