Ladder your buys, we have supports at 8700, 8500 and a possible fib extension 38% and
50% on this WAVE 1 count for our bullish count.
Our real trouble will be at 11.7k, that will be and epic fight up there, I have a target around 11.759 which is the top of our last resistance, here comes the thing, we should have a correction up there, a big correction considering this wave 2 is a 38% retracement, that 4th one will be dangerous, ( in normal situation we should go from 11.7k to the 68% retracement which is around 9700, if we fail there, it will be absolutely terrible, and 4k will be for real, otherwise if we correct normally the 4th wave, and get a good impulse, we can be out of that resistance breaking that top and going to 13k
50% on this WAVE 1 count for our bullish count.
Our real trouble will be at 11.7k, that will be and epic fight up there, I have a target around 11.759 which is the top of our last resistance, here comes the thing, we should have a correction up there, a big correction considering this wave 2 is a 38% retracement, that 4th one will be dangerous, ( in normal situation we should go from 11.7k to the 68% retracement which is around 9700, if we fail there, it will be absolutely terrible, and 4k will be for real, otherwise if we correct normally the 4th wave, and get a good impulse, we can be out of that resistance breaking that top and going to 13k