Now we are going to touch red bold resistance arc (bear flag) but it may not possible becoz we have strong ichimoku clouds resistance at this point.
It could drive us to under 786FIB before touching red arc.
Next bounce could be $5800
We bounced from $5900.
We have 2 resistance to breakout, first purple arc., second bold red arc.
We could breakout from purple arc, but bold red arc insane strong and we could expect drop from there.
And Ichimoku clouds act like resistance, so we could drop before breakout purple arc.
We could call $6800.
Another possiblity to consider. We could make same pattern and this would be result.