We are dealing with a wave 2 pull back. It will look bearish. People will get bearish again. Dont be fooled. Almost all the tokens made a 5 wave move to the upside.

Use you fib tool and start from the bottom from 3 weeks ago to the top from a few days ago.

Most tokens will retrace from 50% fib to 88.6% fib.

The golden zone is 61.8 but the most common target is 78.6

The invalidation is the previous bottom.

This trade is for a 1 2 set up which is a 5 wave move followed by an ABC correction.

Is it guaranteed? No. But the signs point that the odds are high.

This may take some days or weeks to complete.

Dont get me wrong. The first 5 wave move is wave 1 of a high level wave. So the 3rd wave after this wave 2 should be strong. Very strong.