On this daily chart the white rectange is the size of the entire percentage range of this local 30k top area. By doubling this range to the bottom side 50% of the range is perfectly centered in the golden pocket .5-.618 area when measuring from the swing low around 15k to swing high around 30k.
The current down ward curvature of the price action still has a little room for another potential drop and this would put price around 22500-750 and ready for a nice rally.
At the same time there is still a potential for a brake out to the upside for a possilble large and slow right shoulder but becoming less likely the long time goes on.
Trade Well....
The current down ward curvature of the price action still has a little room for another potential drop and this would put price around 22500-750 and ready for a nice rally.
At the same time there is still a potential for a brake out to the upside for a possilble large and slow right shoulder but becoming less likely the long time goes on.
Trade Well....
