Light Green Channel: unlikely, given the price has already broken it.
Medium Green Channel: most likely IMO. It's also a bear flag, which affirms my Elliott Wave count.
Dark Green Channel: longer-term channel, and this is possible if the market is super bullish because it implies an extended 5th wave to possible $8800 levels before correcting.
My suspicion is that a correction will begin toward the end of today which will continue Saturday and half of Sunday before resuming Wave 3 upward at the end of Sunday and into next week.
Medium Green Channel: most likely IMO. It's also a bear flag, which affirms my Elliott Wave count.
Dark Green Channel: longer-term channel, and this is possible if the market is super bullish because it implies an extended 5th wave to possible $8800 levels before correcting.
My suspicion is that a correction will begin toward the end of today which will continue Saturday and half of Sunday before resuming Wave 3 upward at the end of Sunday and into next week.
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Disclaimer
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.