As previously predicted, the big drop happened..

٥ سبتمبر ٢٠١٨

As described in my previous idea post, $7300-$7400 was screaming for a large correction. We have also broken down from this rising wedge in my opinion.

This trend reversal can be verified using my trend indicator on the 4hr/6hr timeframe.

First target is $6850 at around the 0.38 fib level