MACD starting to tick off.
We're about to cross into Oversold on the RSI
Volume is fading off
Fib Retracement from 18/08/15 - 17/12/2017
Currently trending on the .65 region
Should we not hold(RED LINE),
we will test $6500 range(GREEN LINE)
Should we break $6425.1(01/04/2018),
we should be trending lower as that indicates a
failed wave up. Signalling a potential WXY Correction
Assume 1:1 Extension of the Current Wave:
Prices can reach $4770-$4379.6
A break above $9990 will indicate that the bullish count is valid
(Above the end of the First Wave of Wave 3)
Target 1: $12263.6
Target 2: $15.848.1 (more probable)
Wave 3 is usually the longest and never the shortest
We're testing the 0.65 regions right now, should we fail, we will retest the $6500 regions
If it breaks below $6425.1, this Bullish View is invalidated and Correction continues.
