Just thought I would share something I find very interesting. Notice that each downtrend's wave 5 ends at between the 618 and the 65. Then notice that each uptrend ends between the 618 and 65. If this pattern continues, you can clearly see where we are heading. The main question is.. what then? Look where the red arrow goes after the last 618/65 touch. Interesting.. Could we be about to leave the bears behind? Either way, September 10th through 12th could be a turn around time.
In my humble opinion, if we go up now, that will present the possibility of going much deeper. So honestly, I hope we go down now for a chance to go up and break this pattern.
Then 5200
What fo you think ?
Not straight to 5200