THETA H&S Correction Before Next Impulse

THETABTC

It has been an impressive price surge in THETABTC the past few weeks that seems to have peaked overnight. So we can expect a correction. Looking at the daily chart above, we see an RSI that has been bounding around in over-bought territory for a while, and a potential neckline of a Head&Shoulders pattern in formation. Mapping in a general 3-phase Elliott corrective wave and we can see that there is potential for a substantial correction to be made if the neckline is broken on the final C-wave down.

Just thinking out loud.