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These resistances are identified as the 38.2 percent and the 50 percent retracements, respectively, of the downtrend from $7,348 to $5,773. The consolidation below $6,375 has taken the shape of a flat, which is characterised by its three component waves that are roughly equal in size.
The flat is the second part of a bigger three-wave cycle from $5,805. Labelled C, the third wave of the cycle has started. It is expected to travel into the range of $6,561-$6,746. A high-low bottom forming around $5,805 suggests a target at $6,560 as well.
A break below $6,145 could cause a loss to $6,003.