Chart pretty much explains itself. I think we're coming down for a retest of 5800 eventually here. If we get a bounce around 6100, until proven otherwise I'd expect this pattern to continue which would put us at 6500.
It is still premature to tell, but we'll see how this progresses moving forward. I have wave II just completing, with wave III just starting downwards.
It is still premature to tell, but we'll see how this progresses moving forward. I have wave II just completing, with wave III just starting downwards.
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I have moved the target box up a bit.
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Our Supports/Resistance also align with this potentially
Possible Head and Shoulders formation