Fibonacci analysis suggests that the large 6 month triangle may be terminating at 5000. The support at 5000 hasn't been tested, so it's a good candidate for a rebound. Otherwise, capitulation may go as far as 3500, the next confluence level down.
Confirmation is just below 5800 mark.
Confirmation is just below 5800 mark.
Comment:
Scenario fulfilled, albeit later than expected.
