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

4 nov 2021

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.