That tells me it needs to finish a real correction.
The likely target (6500) still remains the same for me.
I have been watching the developing Red Fib.
It has been confirming each line precisely.
Such confirmations indicate wave C progress.
Red Fib aligns with previous support 82-8300.
So there is a small chance for .
I am thinking at least one zone down to 77xx.
But my Ideal entry remains 65xx zone as previously.
The new fib has confirmed that to be even stronger.
With Alts you need super tight SL and Fibs give us that.
Zooming back out and including the new blue fib, two immediate thoughts 1) we are strong resistance give the Confluence of red 3.618 and blue 6.618, not to mention the older 1.618.
2) it is POSSIBLE that wave (c) is done because Band 9's are often wave enders.
However, that Band 9 bounce might end of a subwave, to ultimately pullback further like this So perhaps with an ABCDE substructure to (c) is in progress.
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