It appears a bottom was reached so looking at the recent momentum it could be a 5 wave affect. It does seems seem like a tipping point at present though, It could develop more into a consolidation.
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A break through failed at 12000 so lets see of it holds onto 11000-11300 and rebounds.
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Needs to break 12000 to continue but could still be valid aslong as we don't break down to low. Closing comments