Watching for this scenario. Either previous support above will become resistance, or it will show more buying again. So watching that zone. But looks to me like a wave 3 is done, and a larger wave 5 to come.
Will look to add longs at either 8200 range, or if previous support does not resist.,
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Wave 4 went a little higher than expected before dropping. And it is currently at minor support, so it may bounce here. But that impulse down looks pretty strong and unfinished yet.
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Might have found some support just above 8250 and above 4.618 extension of this micro leg down. But it cut through two other 618's from larger timeframes, so I expect the ABC to continue as planned
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Still on track. I think one last micro 4 up, then complete micro 5. The Daily S1 pivot created a bounce, but I dont think it will turn it.
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. Almost there, lets see if support holds
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. Some support found at a 7.0 Fib extension We might see a bit of bounce here, but I think the 8.0 is the destiny
Btw, would you be able to recommend any good resource for fib studies?