Look to the previous wave patterns - they suggested the following scenario, whatever it may be.
Recent correction is too deep and I expect new lows (after bounce, of course) - targeting 5500.
Idea invalidates above 6100.
Recent correction is too deep and I expect new lows (after bounce, of course) - targeting 5500.
Idea invalidates above 6100.
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Bulls and bears fight. New lows ahead?
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Nice. Target in 5550 area reached. And opportunity to short again at 5700 and 5800, targeting to 5360.
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Very strong support at 5550. Break up to 3710 opens way to 3800. Break up 3810 mean new highs ahead.
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I'm sorry, I made a mistake in the update above: 5710, 5800 and 5810 respectively.
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Target 5360 reached. Likely, it's not the end of fall - strong support is waiting in 5100 area.
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Strong rebound up to 5950 area, but it may become into a leg B:
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Drop below 5750 - new lows expected. Break up to 6050 - new highs.
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Move up will continue, if price breaks up 5800. But not high — trend is turning to downside.
