Target is the level at ~4300. This level is also the D target of AB = CD in which AB is the move from 10k to 5k7.
The setup will be disqualified if and only if price moves above 6800.
I have a ultimate target at 2600 which is the target for the however that looks too extreme at the moment. I will re-evaluate when price reaches my first target at 4300.
I gotta say this is a very high probability setup.
Stay safe traders!
For those who misses the move it is too late right now. Wait for a good bounce to initiate short.