I was looking at the daily time frame and had a revelation. WHAT IF the extended wave was the first one, not the third, and isn't going to be the 5th? Yes, it's possible, especially in commodities markets!
I've tried to trace it as so, and voila! calculating the price fall ratio between wave 3 and wave 1 I found...guess what? 0.786! it's a Fib ratio and very plausible for extended wave 1!
So what if we're not going to complicate things with wxy subwaves and all? If it is so, we are far from having done wave 5!!! just doing and maybe quite finishing wave 4! In this case, wave 5 price shift should be either equal to wave 3's, 0.786 of wave1 (most probable), or 0.618 of wave 1. So the target should be either $6006 or $6411.
I am not saying that I'm 100% sure, but I think there are big chances that it's true.
Normally it should go up after that, big double bottom, but I can't tell you that for sure.