Looking at the short-term, it looks to me like we're downward in a C wave that I can see retracing to 8200-8700, somewhere between the .5 and .618 FIB level. If my count is accurate and the larger trend continues, Wave 3's target should be at least 14000, with the possibility for FOMO volume to push it to 17000 before the Wave 4 retracement.
The timeframe is still unclear and obviously dependent on fundamental factors and the possibility for additional future wave failures.
Recommend everyone do their own research and not depend on this or anyone else's analysis as any type of financial advice. Good luck!
The timeframe is still unclear and obviously dependent on fundamental factors and the possibility for additional future wave failures.
Recommend everyone do their own research and not depend on this or anyone else's analysis as any type of financial advice. Good luck!
As always, I recommend everyone do their own research and not depend on this or anyone else's analysis as any type of financial advice. Good luck!