The first 5 waves down seem to have completed. If that is the case, im on the look out for a zigzag correction up which is normal for wave 2. We seem to have completed 5 waves up already today to complete Wave A ofthe zigzag. A pullback towards 5202 which is a 38.2 retrace of the rise today and also wave 4 of lesser degree is an ideal area for Wave B to complete. Wave 2 retraces normally 61.8 of Wave 1 as a guide but im aiming for the 5300-5330 area.
5305 is the 38.2 retrace of the whole drop from the top last month. If A = C we get 5330. Wave 4 of lesser degree and the top of the A wave of the 4th wave triangle last week is also the 5330 area.
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