A clear ABC ZIG ZAG pattern of the Elliott Wave is in play here. Expecting price to plunge downward to the 43k-35k Zone to complete the Zig Zag pattern.
I have two targets based on the Fibonacci expansion tool.
First FE target (1) @ 43k Zone
Second FE target (1.1618) @ 35k Zone.
Note: This is just my personal perspective about the market and not to be taken as a...
Taking a look at what price is doing, We are in a very complex WXY corrective wave. We wait for the E wave of the triangle to complete and give us an entry with a reversal candle before going long.
Please note that this is not a trading advice, just my own opinion.
