BNB: Back to 0.382 Fib (WXY-Correction)

BNB still correcting in an complex structure, this in alternation with wave 2
Possible target for Y is 1.0 Fib extension at 105 area with confluence with 0.382 Fib retracement of wave 3 at 115 area
After completion of wave Y, the impulse to complete wave 5 will commence

Kommentera:

in a worst case scenario with some bad news i could see BNB even go back to the 0.5 Fib retracement for wave 3
Building up a long time bearish triangle, had multiple test op support
Locally making bearish patterns after another, this does not look great for upside