Has been very busy these few days and never have the time to really look into charts.
The chart is solely based on elliott wave, I'm a new beginner on EW, so don't take my target seriously.
So from what i has charted, we are now in correction and almost done with wave A correction, we could see a short term uptrend back to 26600-27500ish target and then correct down to 24000 region ( which I find there are lots of confluence here).
The most important thing about correction is, it is hard for us to gauge how long it is going to take. Also the target i provide above is based on ABC correction, it could go to XYZ or even WXYZ correction, which are both extended correction, but I don't think this is likely as the alpha apps will be live in this month, which could also be one of the factor to end this correction quickly.
The chart is solely based on elliott wave, I'm a new beginner on EW, so don't take my target seriously.
So from what i has charted, we are now in correction and almost done with wave A correction, we could see a short term uptrend back to 26600-27500ish target and then correct down to 24000 region ( which I find there are lots of confluence here).
The most important thing about correction is, it is hard for us to gauge how long it is going to take. Also the target i provide above is based on ABC correction, it could go to XYZ or even WXYZ correction, which are both extended correction, but I don't think this is likely as the alpha apps will be live in this month, which could also be one of the factor to end this correction quickly.