Ending diagonal as 5th of rise from $6400 local bottom
It is possible that we are steps away from completion of 5 wave rise from 6400 bottom. last 5th develops to ending diagonal and within last 5th is ending diagonal in making. possibility until validated.
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If price action goes above $8364 this count is invalidated as 5th is longer then 3rd. it is the same level for the ending diagonal and for ED within 5th wave of the ED.
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And Maybe Shorts are just getting ready to close some positions (just for overthrow at BTC)?
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Just little pinch overthrow in place. Now we need to go below lower wadge bound.
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Wedge is broken and usually all wadge is retraced. it might be $7850 for us.
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5 down in place, decline just started.
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Price Action invalidated the count. Risk management, stop-loss has to be in place at all times.