Here - on the monthly chart - three more possibilities, where I first point to a low in February (March at the latest), where the red A would have ended and if 28950 holds, then after the B, the red C should end in the third quarter, possibly in August.
The December 2017 high is the initial support for the blue wave 4, but it can easily reach 19682.59 and 19161.37 where it then hits the diagonal support line.
Any break of this diagonal support line would lead to the lower prices as indicated.
For the courses below 19764 I see the green and the red variants.
If the red variant is confirmed, only then is the alternative orange count 1-5 expressed, which would then also imply the white/red marked SHS.
The December 2017 high is the initial support for the blue wave 4, but it can easily reach 19682.59 and 19161.37 where it then hits the diagonal support line.
Any break of this diagonal support line would lead to the lower prices as indicated.
For the courses below 19764 I see the green and the red variants.
If the red variant is confirmed, only then is the alternative orange count 1-5 expressed, which would then also imply the white/red marked SHS.
Comment:
Variant 1 - Jan 9
Variant 2 - Jan 9
Comment:
If June doesn't go higher than 57015 then the red B will be confirmed and in the last quarter we could see the year low @19764.51.
Comment:
On a weekly basis, the red B could also reach 57391.10.
Comment:
Alternative count:
if this or next week does not close above 45426, then the red 2 would be formed and one would have to reckon with falling prices until the red 5 is finished... from then on the blue c would follow the green B = bullish.
if this or next week does not close above 45426, then the red 2 would be formed and one would have to reckon with falling prices until the red 5 is finished... from then on the blue c would follow the green B = bullish.