A blowoff top is possible to around 7000. This happened during the last stage of a wave 3 of the same order.
Anyway the situation is getting riskier. There are signs of fatigue. The ascent is less steep, there is a divergence, fib relations would indicate a possible termination of the impuls right now, since wave 5 would be 76% of wave 3 and wave 1 is 0,24 % of wave 3, which would be ok.
The next correction might lead to around 3000.
Anyway the situation is getting riskier. There are signs of fatigue. The ascent is less steep, there is a divergence, fib relations would indicate a possible termination of the impuls right now, since wave 5 would be 76% of wave 3 and wave 1 is 0,24 % of wave 3, which would be ok.
The next correction might lead to around 3000.