We just reached new high that means decline from last 9700 was just correction in intimidate trend up. New top might be end of wave 5 wit red triangle in place, but on the same time it may be part of wave B in barrier triangle.
Just notice trend channel from $6400 level. Wave 4 usually go outside the channel to cam back to finish wave 5.
It worth notice that upper band of barrier triangle is right at fib 0.618 retracement level of down move that started at $11700.
Just notice trend channel from $6400 level. Wave 4 usually go outside the channel to cam back to finish wave 5.
It worth notice that upper band of barrier triangle is right at fib 0.618 retracement level of down move that started at $11700.
