As Predicted We Broke Down From The Bear Flag Very Sharp, Now The Question Is Are We At The Bottom Yet? We Think Not There Is Little Bull Volume & Nothing Is Convincing Me That We Will Go Back Up From Here, A Bounce To The 7k Area Is Likely But My Next Real Target Is The 6400 Area.
We are Currently On an Impulse Wave 4 of 5 In This Recent Drop & We Are Expecting Another drop.
I Would Expect Some Sort Of Bounce At 6400 Area But If We Are Unable To Sustain I Dont Hold Much Hope For 6k And The Chart Shows The Next Target.
As For When These Targets Will Be Hit, For Now Its A Wait & See.
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We are Currently On an Impulse Wave 4 of 5 In This Recent Drop & We Are Expecting Another drop.
I Would Expect Some Sort Of Bounce At 6400 Area But If We Are Unable To Sustain I Dont Hold Much Hope For 6k And The Chart Shows The Next Target.
As For When These Targets Will Be Hit, For Now Its A Wait & See.
Like & Follow For Updates
Comment:
That Was Quick, We Are On Our Way To The Support Area Around 6400, Will Reassess When There.