LOOKs like this chart is back in play with the top at D
So we might be in the early stages of a bubble, but if the market breaks below $7,466 then we're going to the $700s? Quite a binary situation!
I'm still watching this triangle scenario. With wave (d) possibly complete now, $5,500-$7K could be next for wave (e).
One more leg up it seems to complete you d
Been looking at it closely and I think there is at least a 30% chance it is one of the outcomes


It's definitely still in play, but how likely it is I'm still not sure.
I believe the March-August rally can be counted impulsively. A reversal in the $12,000s could easily imply the start of a Wave 2 pullback, just as much as it could imply the start of a Wave E in our multi-year triangle.
We'll have to play it by ear!
