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.
Kommentar:
Bulls and bears fight. New lows ahead?
Kommentar:
Nice. Target in 5550 area reached. And opportunity to short again at 5700 and 5800, targeting to 5360.
Kommentar:
Very strong support at 5550. Break up to 3710 opens way to 3800. Break up 3810 mean new highs ahead.
Kommentar:
I'm sorry, I made a mistake in the update above: 5710, 5800 and 5810 respectively.
Kommentar:
Target 5360 reached. Likely, it's not the end of fall - strong support is waiting in 5100 area.
Kommentar:
Strong rebound up to 5950 area, but it may become into a leg B:
Kommentar:
Drop below 5750 - new lows expected. Break up to 6050 - new highs.
Kommentar:
Move up will continue, if price breaks up 5800. But not high — trend is turning to downside.
