On my last analysis we gotten a long opportunity around 3580. I am holding this long until 3830, where we should be seeing a 4th wave down for the retracement.
Then it is to be expected that we would see a 5th wave up targetting 3990.
Since we are developing som sort of wedge there is going to be alot of resistance around the 4k area.
Then it is to be expected that we would see a 5th wave up targetting 3990.
Since we are developing som sort of wedge there is going to be alot of resistance around the 4k area.
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We failed the 3rd wave. Next up is possible a bounce from the wedge, if that fails, we may go below it and hit 3450 next for the 5th wave down. It may be a good idea to place some buys around 3450.