Clearly the historical LTA has been broken and tested from below.
A new trend will probably start from here, which may be neutral or bearish.
Neutral trend would be a large lateralization above 3k - Pay attention to 6k support.
Bearish would be to complete C wave reaching around 1.2k
It's beautiful to see the elliot pattern working so well.
I was hoping it didn't work so well and we started a bull run to break the top of the 5th wave.
A new trend will probably start from here, which may be neutral or bearish.
Neutral trend would be a large lateralization above 3k - Pay attention to 6k support.
Bearish would be to complete C wave reaching around 1.2k
It's beautiful to see the elliot pattern working so well.
I was hoping it didn't work so well and we started a bull run to break the top of the 5th wave.