I believe, the fifth wawe will be stopped by 20 dma amd0.236 fib ret. This will transpire over few days. Then we will see what price action will form, or inverted head and shoulders, or another leg down.
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Sorry, wrong chart. Target is 8800
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will keep an eye on reversal candle.
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Suddenly you find H&S with Bearish pennant while volume keep screaming about trap.
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I will try to fire all shorts between 20 dma and 0.5 Ret.Lev.