This chart is for educational purposes and is not for financial purposes.
I think not, although the wick into the fib retrace line looks suspiciously like the end of a bear run. Most likely, this retrace will finish in between the 78 and 88 fib levels. I'm seeing confluence around $3.00 and $2.70. A break below and we could head towards $2.30.
This chart is for educational purposes, and not for financial advice.
There's a good chance that the next bull-run may be big. It's in the air; everybody feels it and the charts are showing possibilities.
I still think we're in some complex wave C, instead of this FOMO outlook. Prechter says "Many analysts labeling a completed triangle way too early. Triangles and go sideways." He also says "Subwave C is typically a complex wave, though wave B or D can fulfill that role." Not sure what Prechter means by "complex wave" exactly. Does a smaller triangle count as a...