From the low of 4725, there have been 3 correction up to now. The third is still active.
Also see, the volume bar (light blue) when it topped at 6500.. Its only 36+ mil.
However, every ASI correction has followed a little bit similar pattern.
The first one was between 50-61.8% Fibonacci retracement.
The second one was a little above 50% Fibonacci retracement from the previous correction.
And now the third one is stil between 50-61.8% Fibonacci retracement from previous correction.
So if we're lucky, this has to stop by 5970.
I dont wanna talk below 5818 levels.. But it looks like this...
Extremely unlucky??? 5625 is 100% correction..
Seeing bear? some relief at 5309.
Extreme bear? I'd say 5000-4800.
Good one. Thanx smallville
Lets hope for the best. First lets see how it'll going to work on define points.
smallville can you imagine what it'll going to happen if it's violate the key support levels... I think the answer is already with you. So, that will be the next scenario as soon as when the current one is INVALID