ok, wave 5 was still in progress and is extended and over extended. i've labeled 11395 as wave iii. the ideal target for this wave is 12608 but can end a bit lower or a bit higher but we are close to the end of primary wave three.
5K low is a real possibility for primary wave four because markets tend to find support at wave four of one lesser degree (in this case 2972)
5K low is a real possibility for primary wave four because markets tend to find support at wave four of one lesser degree (in this case 2972)
Comment:
watch the upper channel line, wave v should end close to the upper line
Comment:
that was the top tic at 13197 most likely... assume the crash position... brace for impact