Because of the "threewaveish" look of this pattern, I am expecting a bigger correction now.

This implies a new target of 7800-7600 for the red wave C drop.

But keep in mind there is always one or more alternate counts. In this case, an immediately bullish alternate looks like this (yellow wave 5 of orange wave 1)

If you think this to be useful information:


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Have a nice day :-)

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