Seems like the bulls require a short breather before they carry on their climb towards 5600
2 counts here, are we still in a of C of 2 up or has b of c begun?
for the b of c count, we've done 5 waves up and were very overbought today before coming down. the drop has given us a abc down, then a sideways ascending triangle for a possible wave B. If a = c then we go low 5300s, which is also wave 4 of lesser degree area and in between 23.6 and 38.2 retrace
For the a of c count still to carry on higher, we retrace as per above, maybe even shorter before going higher again. with this count wave 3 is 1.618 of wave 1 pretty much bang on
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