A bit confused...your charts while just posted show prices below where they are currently...price has hit about $7,492 at moment compared to $7,250 on yours?...that would seem to raise the purple b almost as high as the red b...that then looks like an upside down head and shoulders pattern...

While I understand what you are trying to say about what TA truly tries to represent...but I disagree when you say "it makes no matter what direction price pathway takes"....it does to those of us who are looking to buy back in closer to suggested $6,700 down target compared to having to buy in at $7,400 if correction is over...so while I it appears we are at some point heading to a final wave 5...are we already beyond the downside correction? Would your probability change based on increased spike in price? I guess the chart has a life of its own as you suggest and sentiment can be very fickle.