well thats possible. in weekly timeframe that could be B of ABC. Then it will drop for wave C to complete wave 4. Besides I dont think big players/wales would buy at the top. Only retail traders does. So anything is possible. Also, if you look at the volume of wave B in the weekly. Its very low. Typical of wave B. We'll just see what happens. 👍
theNowayfra
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Why should it drop this hard? Not much money to make down there, upside has much more potential. Besides seasonal wise comming months are not in bears favor. Would be foolish to short here. It could have some profit taking around 65k though.