KEEP SHORTS FOR 50% CORRECTION

Price has been trading tops and bottoms within well defined harmonic forms.
The third major top was at 68997.75+/- level and corrected to a bottom at 15473.78 on 21/11/2022. From the primary bottom on 05/10/2009 to this bottom we have a timeline 685 weeks forming the horizontal x-axis and price change +689.9775 the vertical y-axis.
05/10/2009 - 21/11/2022 = 4795 days / 685 weeks / 157.5 months

From this we have:
Price: 0.00 - 68997.75 - 15473.78 (Price change = 689.9775 * 10) pts
Time: 05/10/2009 - 21/11/2022 (Time count = 685 weeks)

This sets the pace for the expansion forms, price reached 73757.39 from 15473.78 and corrected again to 49217.00 on 05/08/2024, a price change of (+737.5739 * 10) from the primary low and 774 weeks time count. That gives a (737.5739 x 774) structure expanded from (689.9775 x 685).

From 68997.75 which is the (1/Phi) level the next expansion would be a (+1087.00 +/-) pts of which price made a top at 109354.00. This would be the 1.0 or the (1 x 1) Gann square of price and time. Price has reached the 1.0 top, time made 798 weeks at this top. From a (1 x 1) Gann square which is usually the smallest expanded structure we would have a 50% decomposition which we expect price to reach at least the 52400.00 level if we break through the 68997k top.

Since time is still lagging price by 208 weeks +/- it suggest two possible scenarios to consider.
Check back as we make time projections and price levels to expect forward.
Good luck, manage risks responsibly.