As anticipated we reached the 3350$ zone. Time to make a new post.
It's highly probable to say we are still going down a bit, we will likely drop to 3000$ support, wick under and then bounce with semnificant force ( i expect a larger than 20% move from the low of the wick ). Why do i make these claims :
We came very close to the 200 week MA and it's improbable that we won't touch it at all.
You don't just brake 3000$ multi month support, and a 200 week average everything with oversold RSI and expect to have no bounce at all (that support is going back as far as 2012, it's not at all insignificant).
The Elliott wave analysis look's like we are at the wave 4 of a wave 5. ( then we get an impulse up or an abc, in both cases it's a move up ). It's a probability game, the probability says we will have a wick down, and bounce (then we will reevaluate).
https://imgsafe.org/image/073d6da141
