It looks like we reached the target for the Cup and Handle at 1357 few days ago.
Looking at the structure, we have nice Fib. relations:
If the Handle was wave 2, we have a Fib. target that was met for wave 3 at 1357 (1.618 ext.) . Exactly the same target of the Cup and Handle...
Actually the retrace for wave 4 reached 61.8%. So it is very possible that wave 4 is over.
On a smaller time frame, we actually have an Inverse Head and Shoulder. Just waiting for a Breakout to the upside.
In Conclusion, if we close above the neckline of this Inverse H&S and stay above 1300 in the next days, we will probably start wave 5 with a minimum target of 1380.
(Note the count will be invalidate if wave 4 reach the top of wave 1).
Project, Monitor, Adjust
Looking at the structure, we have nice Fib. relations:
If the Handle was wave 2, we have a Fib. target that was met for wave 3 at 1357 (1.618 ext.) . Exactly the same target of the Cup and Handle...
Actually the retrace for wave 4 reached 61.8%. So it is very possible that wave 4 is over.
On a smaller time frame, we actually have an Inverse Head and Shoulder. Just waiting for a Breakout to the upside.
In Conclusion, if we close above the neckline of this Inverse H&S and stay above 1300 in the next days, we will probably start wave 5 with a minimum target of 1380.
(Note the count will be invalidate if wave 4 reach the top of wave 1).
Project, Monitor, Adjust
