Didn't expect the 0.5 decline.
For now it should pull back to at least 0.382 level.
If it pulls back around 0.618 (purple arrow) and break this level after certain time of consolidation, the market should continue to be bullish.
But if this round of pull back only goes to the 0.382 level and decline again (red arrow), a HS is highly possible and we should be ready to short again.
Let's see what's going to happen.
Long for now, tgt 2084.5
For now it should pull back to at least 0.382 level.
If it pulls back around 0.618 (purple arrow) and break this level after certain time of consolidation, the market should continue to be bullish.
But if this round of pull back only goes to the 0.382 level and decline again (red arrow), a HS is highly possible and we should be ready to short again.
Let's see what's going to happen.
Long for now, tgt 2084.5
