ETHEREUM UPDATE -- a corrective move down lower is likely coming, setting up a buying opportunity

Here's the latest chart on Ethereum ETH/USD:

Its been following the expectations laid out in my previous blogs such as this one:

May 16th: https://steemit.com/ethereum/@phisight/ethereum-a-corrective-move-down-lower-is-likely-coming-setting-up-a-buying-opportunity

May 15th: https://steemit.com/ethereum/@phisight/ethereum-following-the-expectations
Steemit_ETHUSD_May15.png

May 14: https://steemit.com/ethereum/@phisight/update-on-bounce-in-eth-usd-ethusd-in-progress-watch-the-resistance-zone-as-it-could-turn-down-for-one-more-low

May 13: https://steemit.com/cryptocurrency/@phisight/bounce-in-eth-usd-ethusd-in-progress-watch-the-resistance-zone-as-it-could-turn-down-for-one-more-low

May 12: https://steemit.com/cryptocurrency/@phisight/a-bounce-in-eth-usd-coming-is-the-correction-over-is-the-question

Well, my primary expectation has been that Ethereum will turn down one more time to target the 550 level or even the 497 level (lower probability) and it is still following that expectation. If the price breaches the previous high at 833, probabilities shift in favor of new uptrend targeting 2243+.

Today we got a bounce, tomorrow May 17th, we may see a sharp move lower. BUT, that's not a bad thing - its a normal correction, setting up a wonderful buying opportunity!
Hope this analysis was/is/will be helpful!

Note: you can right-click and open charts in new tab to see them at full size -- they are quite large and clear.