just an idea from a unexperienced trader

this would be the last part of B of the abc correction of the larger 4 of 12345 up ... ..
planning to short the C all the way down for the complete 4 and then 5 all the way up

Komen:

looks like a Flat Correction

with B beeing almost as long as A to begin with
we can assume a flat correction and i ii iii iv v down for C

i just figured that out and when i wanted to update my idea ive noticed someone wrote me a message exactly pointing out my mistake there so there is a shout out to maxime-fretz for the support :)

another reason for the bounce happening now would be this

Komen:

last target was met at 5250 but i just moved up the stop loss to around 5100 and see what happens since there is potential for even a larger move up in case this was wave 4 extended abcde correction and wave 5 is still to come im eyeballing 6400 something

Komen:

Target Hit

it might go further up and im not shorting at this point .. i keep an eye on things and decide when i have more then just "do something" feeling