With rejection of price from ATH, this idea imagines price action since March 2024 as a zigzag, with leading/expanding diagonal A, double-three B, impulse C.
Next week's election certainly could be a catalyst for such a move.
The most bullish C would finish above the A, with strong .618 fib support and pitchfork support in the 58.5k area.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.