Hi guys chart speaks for itself but we had a weak bounce off the 0.382 fib with no volume to follow it up forming our B wave. We will likely get an expanded flat down to our buy zone which is the optimal retrace at the 0.5 fib and the wave 1 ATH. We should get a strong bounce off these levels to start our wave 3 of a higher wave degree which i believe will break that downtrend channel we are still stuck in. Keep in mind our B wave may go higher but I think it is more likely we are going to have a C wave down as the MACD has done a bearish cross on the 1H.
Also did anyone else see that massive whale dump?
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Bullish scenario:
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Bear flag in play, short positions could be entered upon breakdown of flag.
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We have gone below previous dip 9k target should be reached soon.