Larger W4 in play. Typically W4 does not go beyond .382 fib, but since larger W2 was shallow, W4 needs to be deeper. W4 max .50 fib. Confluence with .50 fib, trend line support, wave count, and gap fill.
I see confluence between a W4, .50 fib, TL support, and gap fill. Not to mention a solid round figure of ≈ 4000. Larger W2 was shallow, so larger W4 should be deeper than the usual .328 or less.
Incomplete bullish EW count and broken RSI negative divergence suggest HH's in short term
Overbought conditions suggest a PB needed for a W4 and 4191-4202 are good long spots. Invalid below 4180.
