Last Large ABC correction down, and 5500 region has very a good reason for a tap of the major trend line and the .786 fib.
This chart I made purely on geometrical symmetry where the Elliot and fib seem to align in harmony. This is my more bearish count. Possible we could still bottom out at 6200-6500 as i stated before. But having more options on the table and letting the charts show the way. I think we are about 85% done with correction, halving will not be silent.
Not a financial advice, just my analysis.
This chart I made purely on geometrical symmetry where the Elliot and fib seem to align in harmony. This is my more bearish count. Possible we could still bottom out at 6200-6500 as i stated before. But having more options on the table and letting the charts show the way. I think we are about 85% done with correction, halving will not be silent.
Not a financial advice, just my analysis.