$ELON Rebounding After 53% Correction; Target: $0.000001800

$ELON retraced perfectly to the 1.618 fib level, measured from the all-time high, to the first wave low of the correction. From the touch of the 1.618 fib $ELON's trend has started to look positive; currently bouncing off the 50% level, measured from the low of wave C of the correction to the high of the first wave in the apparent reversal. Target is $0.000001800 where I analyze some strong resistance and possible rejection back down to the high of the first wave of the reversal. $ELON is also showing signs of forming an inverse head and shoulders pattern to reinforce my prediction.