Is it now?
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Although I assume that the first dip is now, considering the similar pattern. If we see below 3775, it will be relatively quick to go to 3400s.
I do not think that it will be as dramatic as put out before. We will probably see a good resistance around at 3400s. Although the gut feeling shows 3100s, we will be able to decide according to the first high after 3400. if it is above of fib. arc 0.618, uptrend might follow.
I do not think that it will be as dramatic as put out before. We will probably see a good resistance around at 3400s. Although the gut feeling shows 3100s, we will be able to decide according to the first high after 3400. if it is above of fib. arc 0.618, uptrend might follow.
Note
Let's see if 3400s are really close.Note
After the bounce of 3650, the resistances should be formed accordingly.
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