The picture illustrates everything .
Pay close attention to the image .
Any support or resistance that is broken , the goal is next support or resistance .
fibo 50% was touched again . 7129
Elliott waves are confusing right now , and trade with trend lines , channels , support and resistance is best way to trade , until everything be clear.
The war between buyers and sellers has complicated everything.
If the price can't break 7129 , There is a possibility of head and shoulder formation and excessive shedding , If it happens , I will publish an analysis of it.
BIG PICTURE IS A BEARISH MARKET .