Wave 2 progressing, part IV

Well, how wrong can you be. I thought we were going to correct sideways because the 3 and 8 hour chart looked very oversold, only to see prices drop about $1500. Better not to look anymore at the shorter time frames.

Anyway, the correction is moving along nicely within this contracting triangle. Possibly with the above suggested continuation to follow. An extended X-wave becomes less likely now. So, any decent break through the downsloping brown resistance line should be interpreted as the start of wave 3.

The weekly moving averages are closing in and we should be able to touch them either next week or the week there after.

The daily stochastics are also approaching oversold terrain with divergence building up on the MACD's.

The Renko chart is also in wave 2.

When we add some indicators there, it also seems ready for the next bull run. Especially when the purple RSI drops a bit more.