Wave 5 will most likely be an extended wave, meaning its gonna be long and we don't want to miss the boat on this one. Once we find support and a bottom for Wave 4, I will update this idea with possible targets for Wave 5.
First target has been hit and as expected we are seeing some resistance here. However, the support does not look strong as we have not yet seen a strong bounce. Expecting to go lower at this point.
These targets are approxiamtely:
Note we have already hit the first target at time of posting and are seeing a bounce. If this support doesn't hold, the $9450 target will come into play.