Counter trend expected

Looks like Bulls are exhausted, respite is needed ;)
Counter trend targets 1500 zone (fib 0,382) support.
StopLoss above 1900.

Please find prehistory on Related ideas.

Kommentar:

Nice Elliott ABCD correction wave done. Target 1500 valid below 1800:

Kommentar:

Sorry, ABCD is still in the process. In any case, there is a strong resistance @fib 0,764 (1825).

Kommentar:

Selloff @1815: a bounce from violet EMA expected. And it could be a good sign :)

Kommentar:

Below 1770: Target1 1750 and may be a bounce. Be careful, stoploss 1800.

Kommentar:

Strong support @ zone1750 and strong resistance @ zone 1800. Below 1750 validates target1 and 2.