ONT/BTC correction done? Or one more leg Down? Ontology UPDATE

Ontology pulled ahead of the pack and is now resting.
While its bull chohorts are bouncing, ONT is lagging.
I think it needs to complete an ABCDE correction.

It is possible that correction is done, with a simple ABC.
But it pierced the red 3.618, implying the 4.236 is target.
I also dont like it getting hung up at the red 2.236 so long.

So while it is POSSIBLE the correction is done, the evidence is unclear to me.

This is part of my ongoing analysis of Ontology.

Starting with an observation of two important resistances, which if broken implied big rally
Ordered Chaos: "Confluence of 2 is Dependable". ONT on Tap


Then I saw a top coming and posted alert here
ONT/BTC nearing Top? Ontology Resistance above Supports to watch


Last post was to look for correction, which shows PERFECT COMPLETION
ONT/BTC retrace zones to watch: Ontology hit targets, now what ?


BUT I am not liking the behavior since.
So am prepared for one more leg down.




Elliott WaveFibonacciSupport and Resistance

the Golden Ratio is my Religion
the Trading View is my Nation
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