Sea of blood!
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On the Elliot Triangle Wave ABCDE... Wave D $11,300 then back to Wave E to $9,600. Should start looking for big bearish movement towards end of September.
Bane
Calling for 8K first stop 200MA will meet us there.
If 8K doesn’t hold, easily see a downtrend to the 6K range...
Descending triangle appears to be completing a ABCDE Elliot Wave breaking upwards into a bearish trend.
Not Financial advise, just my opinions. Good luck traders!