ELF slow correction in downwards channel.

here i called the start of wave 4 corrective.

here i projected the general movement of the correction.

now that more of wave 4 has played out we can see a more general direction of the correction. it looks like we're in a downwards channel right now. we rejected the 200 hr MA (not a coincidence that's also the 0.38 fib mark) so i'd say there's nice support there. good buy in would be around 16k-17k sat. however, this correction is playing out slowly so for now i'd just watch at a distance.

again, this is not investment advice, DYOR :)