What is interesting in this set up is the fact that if BTC price reach 3rd drive at point F on chart we will automatically get . Another thing is that BC leg extension at point F is hitting 1.61 fib. So point F will be completion of , 1.61 BC extension and 1.27 DE extension.
Of course all that does not mean that price will reverse and start dropping but ... Time will show the truth.
If price drop below pink support line and creates low pattern becomes invalid.
This information is not a recommendation to buy or sell.
Sorry for shitty screen - updating from mobile