Assumption the bearish movement starting from 180 USD is over: Correction as ABC wave: A ending at 107 (length 73) B ending at 127 C ending at 50 (length 77) --> A and C wave almost equal, this matches well --->invalidation under 50, this would mean a longer correction in WXY for instance
This would mean, impulse wave is in formation 1st wave up to 70 USD wave 2 ongoing, for instance as an ABC again correction in 5 waves to 56 --> A wave B wave leading to double top around 71 C wave ongoing in 5 waves --> invalidation above the last highs --> alternative: the double top is a X wave, Y wave ongoing
Possible targets for going long gap 59,34 fibo around 57