Added a red count… Anyways.
Green micro circle 1 has a submicro (4) to complete before the the run to micro circle 2. Yellow invalidation line should act as support for the bounce on the new low. Below that line, and I’ll have to start searching for an alternative count for any intermediate term upside potential, which would be low. I suspect price turns up before the yellow line to keep the bulls on board for a small rally to green micro circle 2 or larger rally to red ii. The nature of the upside structure after the point where the counts share a common price will govern whether we see a new high to finish off the yellow count or take a trip to $28k (and potentially $22k) to finish the green circle iv correction.
#SeeMyOtherChartsForDetails
#AllMeasuredMoves
#NotAdvice
#NotRecommendation
Green micro circle 1 has a submicro (4) to complete before the the run to micro circle 2. Yellow invalidation line should act as support for the bounce on the new low. Below that line, and I’ll have to start searching for an alternative count for any intermediate term upside potential, which would be low. I suspect price turns up before the yellow line to keep the bulls on board for a small rally to green micro circle 2 or larger rally to red ii. The nature of the upside structure after the point where the counts share a common price will govern whether we see a new high to finish off the yellow count or take a trip to $28k (and potentially $22k) to finish the green circle iv correction.
#SeeMyOtherChartsForDetails
#AllMeasuredMoves
#NotAdvice
#NotRecommendation
