In the previous macro update we noted that Bitcoin needed to drop lower to complete a macro corrective structure.
On a micro level that drop was supposed to start upon completion of a corrective wave ( ii ) up structured as (w)-(x)-(y):
Ideally it should spike over the top of wave (w) up (20,383) to complete the wave (y) of ( ii ).
Upon completion of the wave ( ii ) up we should expect a strong declining wave ( iii ) down to a new lower low of the year
$ES #ES-mini #Elliott Wave Today the US stock market is closed. Let’s review the overnight decline in ES-mini futures. ES
$ES #ES-mini #triangle ES continues to consolidate in a narrow range squeezed in between of two contracting trend lines: ES-mini
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