Hi AkdakaI tend to agree with your short - medium term...

Hi Akdaka

I tend to agree with your short - medium term projections.

I use FIB's to set targets ( I don't completely swear by them , but have found them very useful) this way I am not surprised by the markets moves.

I am using three fibs to set these targets , two long ones and a very short one.

* Current long , A wave = 1.02 to 4.88 Retrace was 2.98 ( classical 50% ret) Ext 38.2% = 5.79 , Ext 50% 6.35

* Old long, A wave = 1.02 to 4.27 (ignoring the spike on the 27th April using 19 June instead) Retrace was 3.06 ( a classical 38% ret)
Ext 50 % = 5.89 , Ext 61% = 6.27

* Very short (only a matter of days , minimal emphasis of this one ,just wanted to see the results) A wave = 2.98 to 5.30 , retrace to 4.70
( approx 24% ret) Ext 23 % = 5.84 , Ext 38% = 6.18 , Ext 50% = 6.46

So my target ranges are firstly 5.75 - 5.85 , secondly 6.18 - 6.46

Just my opinions and the way I trade the market, DYOR.

Good luck folks

cheers Lies