I think that there are still more longs to be taken out before a bigger corrective wave up to 5200 area.
20-50 ma cross is about to happen which could be bullish. Which why 1st green box is much more possible.
Green boxes are support/bounce areas.
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1st target hit and is atm support
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So the bullish cross did happen before price hit 36xx area so the price went up to 4000s. Now its back to the support area.
As you can see a bearflag is formed, I have pointed out bearish 20-50 cross and 20-200 cross in red. Also there is 50-200 bearish cross on the way, which is super bearish and could send us down to the next support around 29xx.
If daily closes like this, a bearish 20-50 cross is also on the way.