Bull flag breakout in Feb 2021 created impulse wave upward with 5th wave culminating in April 2021 top. This was followed by A-B-C retracement pattern from mid April thru mid May 2021. Mid May C point low is 1.618 downward extension from prior upward wave high point at wave 5 and low point of wave 2. From C point in mid-May 2021 we are consolidating around the 30k support range and forming a triangle and possibly a bear flag pattern. Should price break above this triangle and the June 3rd high this could lead to a new upward impulse move which begins a new 5-part wave pattern upward possibly meeting or exceeding prior all-time-highs. Conversely a break below the triangle could send price down to prior resistance levels from December 2020 which may function as support.
