We have completed a typical 5 wave pattern, now we should see an ABC correction which would end near wave 4, or lower. If we go lower then you need to wait for a new cycle. It it stops near wave 3/4 then this is a continuation of a larger bullish trend in the future.
Trade closed: target reached:
Price point of C was touched on Feb 5th.
Comment:
I don't think we have touched bottom yet.
