Possible long opportunity with correlated primary trend. The recent break of the secondary down trend may be the 1st impulse wave. A retest of the previous high printed in the secondary down with bullish indications at that level may provide an opportunity to ride the 3rd impulse wave.
Possible Elliot Wave Development.
Bullish signal confirmed for long entry to the hourly 3rd wave. Target 1.618% extension of the 1st wave.
My thoughts on the possible run to regain traction above the 10000 handle.
Long entry potential to the 4HR 5th Elliot wave completion, possible coinciding 1HR 2nd corrective wave completion providing entry on the 1HR 3rd wave and the run to the 4HR 5th wave completion, bullish candle confirmation required for entry.