The up trend from the $280 low has traced out three waves so far and is turning at a .618 fib level. This is typically a turning point for corrections. A further break down could indicate a long term zig zag unfolding and no new high for quite some time.
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BCH now has a third wave forming from the $280 low and suspect a retest of the all time high is on the way. We can now start looking at the $280 low as a potential wave 2 bottom and the potential for a beginning of a Primary 3rd wave rise
@elxnikta, We will have to see how the formation plays out - What I can say is that Primary 3 should be aprox. 1.618 of Primary 1 ($2356 target range )