I mainly focus on Elliott Wave analysis. The chart has already completed a 5-wave impulse to the upside, and we are now in the ABC corrective phase. It looks like wave A has finished, and the market seems to be entering wave B at the moment.
I'm not sure how high wave B will extend, but I expect it to retrace to 0.382, 0.5, 0.618, or possibly 0.786 before dropping in a 1:1 measured move.

I'm not sure how high wave B will extend, but I expect it to retrace to 0.382, 0.5, 0.618, or possibly 0.786 before dropping in a 1:1 measured move.
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