- Jun 5, 2008
Looks like the slow dump started. If we have already topped out then I expect something like this. First proper bounce at around $6800. If still very bullish then $7600 or $7200 bounce and possibility of new high.
If you ignore the snowball liquidation wick, this pattern is still in play. It just took a couple extra days to distribute at $8k. Made a little bounce on the 0.236 fib and now next major target is around $6800.