1. Bounce from lower downchannel trendline on volume
2. ABC correction with C wave consisting of 5 waves
3. At 0.145 fibo of wave 3 of (5) of ((3))
4. At 0.382 fibo of whole wave ((3)) so far
We either start wave 5 of (5) of ((3)) immediately, or we should treat wave ((3)) finished at 19K and wave ((4)) is in progress which could take us as low as wave (4) at 3K.
Tight stop loss at 7000 preferred .
2. ABC correction with C wave consisting of 5 waves
3. At 0.145 fibo of wave 3 of (5) of ((3))
4. At 0.382 fibo of whole wave ((3)) so far
We either start wave 5 of (5) of ((3)) immediately, or we should treat wave ((3)) finished at 19K and wave ((4)) is in progress which could take us as low as wave (4) at 3K.
Tight stop loss at 7000 preferred .
