The fractal nature of the symmetrical triangle breakdown is uncanny. I believe the current correction is nearing its terminal phase given that red C of the ABC sequence likely has one more lower low.
The correction bottom likely has strong affinity towards the 0.618 Fib level and thus a range of $7,227 to $6,800 would be the projected range.
In line with the fractal, wave v could complete as a downward wedge pattern; also called an Ending Diagonal in Elliott Wave jargon.
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The correction bottom likely has strong affinity towards the 0.618 Fib level and thus a range of $7,227 to $6,800 would be the projected range.
In line with the fractal, wave v could complete as a downward wedge pattern; also called an Ending Diagonal in Elliott Wave jargon.
For more in depth daily analysis as well as Trade Alerts, check out Haejin.com!