The next move.. too close to call
The price will either bounce off the lower green line, then bounce off the upper green line before plunging to complete subwave C of this Wave 4.
Or it could smash right through this lower green line. It's too risky to call given that we're almost at the apex of this triangle.
If you analyze other trend lines during this ABC correction, it has bounced off the bottom trend line 3 times successfully before plunging down on the 4th time down. This time could be the same. Maybe.
Here is my previous post, which shows that we are for sure (85% probability) going down to 30k to complete the H+S pattern, as the neckline was broken:
Or it could smash right through this lower green line. It's too risky to call given that we're almost at the apex of this triangle.
If you analyze other trend lines during this ABC correction, it has bounced off the bottom trend line 3 times successfully before plunging down on the 4th time down. This time could be the same. Maybe.
Here is my previous post, which shows that we are for sure (85% probability) going down to 30k to complete the H+S pattern, as the neckline was broken:
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