BNB topped as Expected, now initial Targets for the ABC Retrace

Follow up to my previous analysis calling for 558 target/top (click).

AS mentioned in my last post, the target was overshot, but stalled right away.
Now we are in the obligatory A-B-C correction that is common to all markets.
Plotted are possible targets for the dip, based on Fib extensions and wave structure.

It is PLAUSIBLE that correction is DONE, break and hold of 558.
It is PROBABLE that we see one more leg down after small bounce.
It is POSSIBLE we see a much deeper correction, but no signs yet.

Previous analysis with Bigger Picture:

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Yorum:

509-510 Target still on the table.

Taking a longer than originally plotted, but still looking good

lots of ABC's in there and a slow descent.
a GOOD sign, reduce air speed before attempting a landing.
Maybe even pull off a touch-n-go (Ping) and resume trend.

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Yorum:

arget Hit, Finally!

The slow bleed has finally found our target, 509-510

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Zoom IN (5 min) and looking at the wave structure

looks like a 5-wave structure for wave "B of C".
HOWEVER, that very last dip (red 4 to 5) might have one more leg to go.
Such a high velocity drop near the end, may bounce a bit then dip again.

Lets see how it plays from here.

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Yorum:

Bounce looking good.

a CHANCE that correction is done

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