Bitty The Butcher Strikes Again

Over zealous bears and untimely wave counters will get chopped up here.

Look for the real wild bears between $54K-$56K. Sell beforehand and get chopped up.

Comment:

B Wave of B Wave now enters the scene.
Down to $47.2-3 we go.
Wave B total still looking for $56K.

Trade active:

Drop still in play so long as a new high does not come in on the daily chart.

Trade closed: stop reached:

Breakout above new high means A wave down was 3 corrective and NOT impulsive. Also means price must now test the 1.23 and/or 1.38 fib levels before more downside.

Still a wave 4 pattern in play. Expect an extended or running flat. Markup to come.