Bitcoin US Dollar Bitstamp 1W ABCDE Correction Complete?

The ABCDE triangle correction of primary wave 1 could be complete. It is in the range of the previous 4th wave (highlighted). This is similar to the ABCDE correction of cycle III wave completing in the range of the previous 4th wave (highlighted).

Fib retracement 1.618 target range at $18350

Comment:

Cycle wave IV ABCDE correction was very close to previous wave 4 termination. Primary wave 2 correction is a bit lower than the termination of intermediate wave 4 of the previous degree.