There are a fiew other scenario's the most likely one would be a big bear trap forming before we see a new bull run starting.
Comment:
made a wavecount mistake, ignore the future wave counts as its just a image of how it ish will go up, the general focus will be the double support zone, and the fact bears been trying for over a week now to break below the 6.3k/6.7k zone and yet to date failed to break it increases the chanse we will go up supported by a double bottom, rsi divergence on hourly and daily , historical proof: when rsi on daily hits below 30 its olmost garanteed move upwards, double bottoms in the past often became the foundation of a new bull run note that this can be sideways first before building up to a new run up
