E-wave analysis signalling completion of extended 5th wave, now we look for an overall retrace level of the whole sequence - this is showing confluence of Fibonacci levels between 4th to 5th wave, and the entire 5-wave
cycle. These levels (38/61) will be key pivot points
depending on how deep the macro wave is (treating the 5-waves as a larger 'wave 1').
Rounded for institutional levels we have a potential correction wave down to 10,000 or 7,700.