I’ve seen a lot of people posting about a V-shaped recovery it’s more likely we play out a Wyckoff accumulation for the next few weeks and months. Be very careful with the target I produced for the spring I got this target by taking the initial crash and using that on the retracement giving us an ABC correction. It gives us a target of roughly $23k.

The $53 target is the B wave target in a larger ABC correction which is right in between the .618 and the .702 which is exactly where the last retracement back in Wyckoff stopped out right back in August.