We bounced from old trend line which is triggered by bots. Now we are going to touch red bold resistance arc (bear flag) but it may not possible becoz we have strong ichimoku clouds resistance at this point. It could drive us to under 786FIB before touching red arc.
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Bounce Target : $5500 - $4500
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Next bounce could be $5800
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We bounced from $5900. We have 2 resistance to breakout, first purple arc., second bold red arc. We could breakout from purple arc, but bold red arc insane strong and we could expect drop from there. And Ichimoku clouds act like resistance, so we could drop before breakout purple arc.
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As i drawed, we declined from $7800, EW5 waves completed we are on ABC correction, clouds still acting like resistance. We could call $6800.
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I think we finished A, and next steps are B and C.
Another possiblity to consider. We could make same pattern and this would be result.