Similar to past pattern... you decide. (Update from yesterday)
To be clear, I'm quite confident in the move to point 6 or near point 6, not the reversal at point 6 (which may or may not happen).
*But if it does reverse, it will happen *near but before or slightly after* point 6, not at 6 itself. Why? People will freak out scared if it touches exactly point 6 again so it would go lower for sure (then either plunge further and worsen the bear market, or reverse). Or, if sentiment turns bullish, they'd buy right before it touches point 6 and the reversal would happen there.
To be clear, I'm quite confident in the move to point 6 or near point 6, not the reversal at point 6 (which may or may not happen).
*But if it does reverse, it will happen *near but before or slightly after* point 6, not at 6 itself. Why? People will freak out scared if it touches exactly point 6 again so it would go lower for sure (then either plunge further and worsen the bear market, or reverse). Or, if sentiment turns bullish, they'd buy right before it touches point 6 and the reversal would happen there.
