We Might Visit 27K Soon

the chart is constantly making lower lows and lower highs

i believe if we don't hold current level and break 40K we will visit 27K before going back bullish, as this might be wave 2

if this checks out as true we have maybe 1 year of market left and might visit numbers as high as 250K before this bull run ends, for now i am out of the market closed all deals until we see a clear sign

Comment:

So guys to make it more simple every bull cycle is made from 5 waves, every wave has 5 micro waves inside, this might be the first wave (starting from 3900-65K)
and now we are correcting to form big wave 2 after that wave 3 (120K)
then corrective wave 4 (75K) then we will go as high as 250K if all checks out, this is all estimations and nothing is confirmed for now, but what's for sure is that i am out of the market until i see clear direction of the market