Minor adjustment to the plan

Morning folks,

Actually, we keep everything the same, but would like to make minor adjustments, because now we have the shape of BC upside leg. Although price hits 5/8 Fib resistance already, the downside action could start from a bit higher level - 55K, as BC leg is upside ab-cd pattern as well, with 55K target. Correspondingly - 52-55K is an area that we also have to keep an eye on, because in case of upside breakout and moving back to the top, it could mean that upside tendency is continuing and bearish weekly pattern on a way to failure.

If you intend to trade it short - initial stop has to be counted on possibility of reaching 55K level, despite where you take the position.