...and down we go?
Initially, I set 8500 as the top boundary of the possible retracement and later said that it could go up to 9000. Currently it seems that the market plays nicely in the predicted direction. The final wick up to 8800-8900 depending on the exchanges, showed nice manipulation forcing people into buying. Also, it did stopped out many high-leveraged shorts that entered the market after the massive drop two weeks ago.
My next target is 6800-7000. Selling now at the current price might be a good idea. With stop-loss at 8750, the RRR could go up to 4:1 in the best-case scenario.