- Medium term trend: Down
- Short term trend: Up
If we pass yesterday's high ~13K, my opinion is that we can reach 1.618 fib ext.
Stoploss must be set at 11500 (That would reach wave (1)' and invalidate wave count)
Note! Wave 5 does not always surpass wave 3!
but im closing without loss
wait it out is the safest option imo traders.
12K is new support for short
if we break 10500-11000 resistance level, we go down, with previous targets valid.