Since every 2nd person online can be an expert, heres my take.
If we break out, i believe it will be bullish as show in green, using the previous support levels as resistance to end wave cycles.
If we break down from here.....well its gona be steep. I was being conservative with this bearish break down in red. I think theres a good chance we smash through 5880 on a dump leg and bounce at 5480 and then retest 5880 as resistance again. But Ive illustrated the more conservative bear move. And then we keep moving down to 3000.
I hope which ever-way it plays out , it happens soon.
This is not financial advice in anyway, do not listen to my crazy ideas.
If we break out, i believe it will be bullish as show in green, using the previous support levels as resistance to end wave cycles.
If we break down from here.....well its gona be steep. I was being conservative with this bearish break down in red. I think theres a good chance we smash through 5880 on a dump leg and bounce at 5480 and then retest 5880 as resistance again. But Ive illustrated the more conservative bear move. And then we keep moving down to 3000.
I hope which ever-way it plays out , it happens soon.
This is not financial advice in anyway, do not listen to my crazy ideas.