Short

Total Market cap daily wave counting

As it is clear in the chart, a 5-wave impulse structure has been created, probably this 5-wave structure is either wave A or wave 1 of a larger structure.
So now we need the market to complete wave B or 2 and enter correction.

With time analysis calculations, the possible time levels of price return are:
8 Jun
25 Jun
12 Jul
4 Aug
5 Sep

Also, using the Fibonacci retracement, our possible price levels for the retracement end are:
1.022 B
958.50 B
900 B

In addition, with the formation of the head and shoulder pattern, the main target of the head and shoulder pattern overlaps with the second target of Fibonacci, i.e. 958.5 B, so this range is very important for reversal and support.

KhaniTechnical

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