This scenario seems likely, given the fib levels right at the downtrend lines and horizontal support/resistance accompanying them
Target around 7600-7750 before wave 3
we are about to test the bear/bull trend line with three possible scenarios:
1) we catapult off some fundamental news and parabolically move up to new ATH
2) we organically set higher highs and higher lows
3) we get rejected and test 5873/4800 (capitulation) followed by big green candle
(Bonus option: we bounce out of bear trend and set a NEW bear trend line...
