Just a small update for my last post on this (because the las one was very ugly).
I think we will revisit the 0.786 Fib and then make a big bounce all the way up to the 0.618 Fib.
If we don't break through the 0.786 the Elliott Wave holds true and we will break out of a big falling wedge pattern.
After the break out of a falling wedge we usually revisit the breakout level (look at the first small wave out of the bigger 1 wave. We did exactly that).
At the end of the ABC correction I expect the start of the 2 wave out of 3 (I will look to accumulate more before that happens)
I think we will revisit the 0.786 Fib and then make a big bounce all the way up to the 0.618 Fib.
If we don't break through the 0.786 the Elliott Wave holds true and we will break out of a big falling wedge pattern.
After the break out of a falling wedge we usually revisit the breakout level (look at the first small wave out of the bigger 1 wave. We did exactly that).
At the end of the ABC correction I expect the start of the 2 wave out of 3 (I will look to accumulate more before that happens)
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