Light Green Channel: unlikely, given the price has already broken it.
Medium Green Channel: most likely IMO. It's also a bear flag, which affirms my Elliott Wave count.
Dark Green Channel: longer-term channel, and this is possible if the market is super bullish because it implies an extended 5th wave to possible $8800 levels before correcting.
My suspicion is that a correction will begin toward the end of today which will continue Saturday and half of Sunday before resuming Wave 3 upward at the end of Sunday and into next week.
Medium Green Channel: most likely IMO. It's also a bear flag, which affirms my Elliott Wave count.
Dark Green Channel: longer-term channel, and this is possible if the market is super bullish because it implies an extended 5th wave to possible $8800 levels before correcting.
My suspicion is that a correction will begin toward the end of today which will continue Saturday and half of Sunday before resuming Wave 3 upward at the end of Sunday and into next week.
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