Short term we may have one more (small) wave up within the current channel we are in. Although that probability is getting lower as we are not going higher at all at the moment.
So after the small wave up or from where we are right now I think we will drop to at least 3650. When the market is strong enough we get a bounce from there and we can look back up.
When we don't have a big bounce at 3650 with enough volume we can even go down to 3100 to make a double bottom before we can look up.
So after the small wave up or from where we are right now I think we will drop to at least 3650. When the market is strong enough we get a bounce from there and we can look back up.
When we don't have a big bounce at 3650 with enough volume we can even go down to 3100 to make a double bottom before we can look up.
