Good morning
Did we find a floor yesterday just above 5800?
That's the question everyone is asking. I have attached my elliott wave analysis from yesterday which still stands to form. The decline to 5813 yesterday looks like the end of wave 3 of the C wave. Wave 4 up was the rally to my projected target at 5900. 5906 is the 50% fibonacci retracement level. Wave 5 should therefore come in over the next few days creating a retest at 5800 or slightly lower.
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