From my view, 5805 is the end of wave 4. It has done normal wave 4 retracement at 5805 (nearly 38.2%).
As per my analysis, If 5805 restricts and if it is the end Wave 4, then I expect a big fall. Now 5772, 5805 are the resistances.
Any move above 5772/5805, then, wave 4 not completed and next targets are: 5840, 5870, 5900, 5960. Next retracement levels are: 5899, 5987, 6053, 6112, 6273 (100%).
Based on Daily Chart, I am still bearish in LONG TERM. I expect another big down move min 5526. If 5805 is not the end of wave 4, then next resistances are 5968/6273. So we need to wait for clear trend confirmation for positional Trades.
As per my analysis, If 5805 restricts and if it is the end Wave 4, then I expect a big fall. Now 5772, 5805 are the resistances.
Any move above 5772/5805, then, wave 4 not completed and next targets are: 5840, 5870, 5900, 5960. Next retracement levels are: 5899, 5987, 6053, 6112, 6273 (100%).
Based on Daily Chart, I am still bearish in LONG TERM. I expect another big down move min 5526. If 5805 is not the end of wave 4, then next resistances are 5968/6273. So we need to wait for clear trend confirmation for positional Trades.
