If the current downtrend continues (temporarily), we could experience a 30% retracement from the previous ATH. So if this holds, my entry point would be around 42,300 (Elliot Wave #4).
According to this model, the mini-bear will end around March 15th (Elliot Wave #4).
If the next wave (Elliot Wave #5) follows the pattern, we could experience an uptrend of about 70 - 80% to ATH between 70,251 & 75,841.
We could reach a new ATH around April 8th - 10th.
According to this model, the mini-bear will end around March 15th (Elliot Wave #4).
If the next wave (Elliot Wave #5) follows the pattern, we could experience an uptrend of about 70 - 80% to ATH between 70,251 & 75,841.
We could reach a new ATH around April 8th - 10th.