All odds favor that wave 5 of Black circle wave 1 is ongoing. I do expect this wave will decline to near to the 5,345 - 5,350 area before Black circle wave 2 can be expected.
The ideal target area for black circle wave 2 is from 5,720 (50% retracement) to 5,810 (61.8% retracement), but as the general mood is deteriotating fast it could be less, but time will show
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