At the moment, and in my opinion, it still counts best as an A - B - C or (5-3-5) structure. I prefer this over an impulse wave... technically, it could be counted as a large 5 wave structure, but it doesn't have the right look (for me)!
It's reasonable to think price will reach the lower trend at around $30K, especially if it stays below the dashed median line!
Cheers!
It's reasonable to think price will reach the lower trend at around $30K, especially if it stays below the dashed median line!
Cheers!
Commento:
I forgot to mention, below $30K brings in a potential low target of $22.7K...