I don't believe in this theory but to be objective I did a chart using to see how this fall could be shaped to fit the current clouds.
note that it could differ a lot :)
To start this theory, the price need to collapse throught the 2h cloud and the 4h clouds (very big dump).
I hope you won't turn bear and keep confident about the acual (strong) uptrend.
I m open to all comments.