Are you saying it can drop down to 50% chance to $3947?
Jovalabs
⋅
@ratman2050, parabolic envelopes (the blue lines) have a 50%+ correction once its been broken. So once/if we break the blue lines, there will be a high likelihood of a 50%+ correction.
Jovalabs
⋅
@ratman2050 a break of the blue lines (parabolic envelope) would signal a possible target of the orange and red lines (50% and 60% fib lines) is what I'm saying.