I am sorry to say this... but I told you so!

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As soon as wave 4 touched the 0.618 retracement level of wave 3, it's starting wave 5 as expected.
If you can see my previous posts, $7,500 was exact level I predicted.
Where is the bottom? Well... Wave 5 will be breaching at least more than last low point.
I am expecting it to reach around $5,400~$5,800 with excessive amount of FUD.
That's where I will be entering my long position.

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ملاحظة

A "textbook" head and shoulder pattern which I am not usually a huge fan of, has been formed up there.

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ملاحظة

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ملاحظة

Something's about to happen.

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ملاحظة

This would be more like it. Symmetrical triangle.

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ملاحظة

And it happened.

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ملاحظة

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ملاحظة

Still bearish until it breaks out 7500 which is previous high point.

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ملاحظة

yup. as i expected.