The charts move in cycles that repeat over and over. Although I still do believe we will wash down to sub 3k at some point, this recent move is just a simple and basic retrace of initial impulsive waves.
The exciting part here is that we are still trending in the right direction in the bigger 5 wave set and all we are seeing now is a retrace which is holding for now.
I do think that the ABC hasn't finished yet and we may see closer to $3400.
If the map plays. ut we will look at a retest of the $5000 mark. Be patient and let things play out. DONOT CHASE GREEN CANDLES!
The exciting part here is that we are still trending in the right direction in the bigger 5 wave set and all we are seeing now is a retrace which is holding for now.
I do think that the ABC hasn't finished yet and we may see closer to $3400.
If the map plays. ut we will look at a retest of the $5000 mark. Be patient and let things play out. DONOT CHASE GREEN CANDLES!