As the global parabolic trend has not yet been broken, we might complete the ABC correction wave and then continue the growth. The growth will be invalidated if the price breaks and holds below 10200. Then I'd expect a longer fall.
I would not enter a short right now as the global trend is still positive.
I would not enter a short right now as the global trend is still positive.
Trade closed: target reached:
If you tried to short this C (?) wave, the prediction was successful. I would close the short as starting from this level we are probably going to face a bullish accumulation.