Now we have formed a perfect , which is wave 1 of a possible starting .
Inside a diagonal, the perfect pattern would be 5 times an wave, which i can easily construct.
Nevertheless, a retracement is highly possible now due to the fact that we are at the end of the , at the top of the red longterm resistance line and overbought for the second time.
The natural target would be 7250$.
Staying above the black support line at nearby 7450$ is possible too and would be very .
IF we start an , than the next targets would be 9500$ and 11000$.