The new highs above the 9080 confirms the down side movement finished at the very low of this chart will not extend beyond, Now the odds are between the corrective movement ended in y a the first part of a more extended correction like the a wave of an expanded flat (suitable for a more deep ii) wave (more probable) or that the y wave is all the correction for b) and now are extending a new impulse (which eventually should retrace for its second wave.
As you can see in the short term the price eventually should get down again, as to form a c wave for the ii) of a new bigger impulse to the upside, as well as a wave ii of a c) wave for a zigzag to the upside.
As you can see in the short term the price eventually should get down again, as to form a c wave for the ii) of a new bigger impulse to the upside, as well as a wave ii of a c) wave for a zigzag to the upside.