A smaller timeframe idea following from some recent ideas.
1.618 was hit so if this count is correct then we could be starting subwave 4 of 3 (or C); a break below $56,96 would invalidate this count.
If the $60 area is the end of wave C then there could be a big drop in price below $54,70:
If the $60 area is the end of wave 3 then there could be a 4th and 5th wave to new highs and continue a bullish wave towards $70:
1.618 was hit so if this count is correct then we could be starting subwave 4 of 3 (or C); a break below $56,96 would invalidate this count.
If the $60 area is the end of wave C then there could be a big drop in price below $54,70:
If the $60 area is the end of wave 3 then there could be a 4th and 5th wave to new highs and continue a bullish wave towards $70:
Note
Potentially bullish divergence on 1H, may have completed wave 4 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.