Hey guys!
Sorry for bringing bad news, working on a EW analysis and see more downward potential on the charts.
I've charted the optimistic EW structure to not to look over pessimistic.
You're welcome to find the mistakes in the wave structure and post them in the comments.
Ongoing ABC correction on higher timeframes. Still in wave A of the correction in a final subwave #5 giving us hope that the corrective wave B will come soon to this extreme drop.
Wave #5 should consist of 5 subwaves and we're in subwave #3 right now.
Expecting small correction to 7400-7500 area and another drop to complete subwave #3.
I want to be wrong and for that the price should return far above 7500 (for at least several days).
Have a good trading!