The big picture is this is a c wave sell-off within a larger c wave sell-off, to finish off an even higher degree b-wave. Looks like we just finished up the middle b-wave correction before the last wave of the c wave. So, expect prices to drop pretty relentlessly in to the bottom. Not thinking there will be any accumulation pattern before the bottom. Thinking potentially a slow ramp back out with everybody thinking prices could go lower... We'll see. Touch and Go.
The big picture is this is a c wave sell-off within a larger c wave sell-off, to finish off an even higher degree b-wave. Looks like we just finished up the middle b-wave correction before the last wave of the c wave. So, expect prices to drop pretty relentlessly in to the bottom. Not thinking there will be any accumulation pattern before the bottom. Thinking potentially a slow ramp back out with everybody thinking prices could go lower... We'll see. Touch and Go.