This sharp move looks very much like an impulsive C wave, we should see a break of the A wave then drop all the way back down to the low.
I know this will be an unpopular view, but Im a chartist and dont trade on hoping and praying.
Sorry guys.
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There we go, drop as expected, just happened slightly earlier, more of a contracting flat then a regular. Next stop will be a break of 3200 then we will see how low we go.