Unfortunately, this correction could already be done! And if correct, it was SUPER WEAK, indicating a huge drop to follow.
Another warning sign is the bearish break-out out of the red resistance zone.
MEME LINE REJECTION No. 8
First target would be 39k. If that does not show a bullish reaction, 35k is next on the menue.
I warned about this already on my 10.12.2021 update. We didn't even hit the standard ABC target of 100% of wave A, showing severe weakness. A complex correction labeled WXY could be done now (not an ABC).
