Looks like it repeated again on a smaller scale and we are in another yellow box but instead of a double top it went higher, so does that mean it broke the pattern or is there a chance it will still continue downward into another teal box?
Giovi6969
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It is a repetitive pattern sir.
It would indeed be interesting if this had to happen.
Let us make science of patterns study to progress!
smrsss
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The bear flag on lower TF broke upwards and last bottom was the 61% retrace from 6k and also 61% retrace fib for the whole bullish move since $200.. also touched the long lasting support trend on log chart.. I doubt this feactal will happen.
xgenisix
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Lines up with the downward break of this pennant (measured move by my analysis would go to around 6650 - but I would be surprised if it didn't bounce for a bit around 7500 / 7600. Thanks for the analysis!
Loth
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Nice observation, if 7.2 will not hold I think you will be right.
Just a little off topic: this is not a fractal but a linear sequence that repeat itself. A fractal is a structure that repeat itself in different scale (inside a structure there are more structures that are identical to the bigger one) , so it' s a complete different things.