Road to $5.2K

My prediction has little bit difference, compared w/ other traders perspective.





This difference comes from EW counting of part below:






That means, we just have finished (b) and, going down to (c) point






[r-HS pattern perspective]
Even if it retraced almost 0.618 fib level (which is $3,565), right shoulder is too small compared with left one.








Bulls tried to hold this trend line, more than 3 times, but now it break down 4th of the time, which is not a good signal for bulls.







It failed to break up red cloud in 4hr frame.





So, my final target point is $5,200+ but I am waiting for retrace to the $3,200