This is a zoomed in chart of bigger picture linked below. Wave III looks to be complete, now looking for wave IV. 6100 would be an ultra bullish bounce, but is possible.
Below is the bigger wave plot, looking for 8k at end of bigger 12345
Hi whats your most probable scenario? 8K or 10K the top?
EuroMotif
⋅
@NGNPRO, Hi, wish we had a decent retrace to better gauge, but my last plot was looking for 10k, after a retrace from 7.4k per Idea below.
So now I am thinking 8.4k possibly, before retrace, but 10k still in the "more likely than not" realm in my mind. Here is the plot
Ellionator
⋅
Perhaps 6443 is actually end of C? Given how parabolic we are right now...
EuroMotif
⋅
@Ellionator, yeah, 64xx is an important zone on higher tf as well, as plotted in the 8k plan above.
Also, keep in mind CME futures closed at 6290, so by Sun 7pm, I expect spot price to reach towards that.
But lets see, this thing is parabolic allright. Thus my hope for a retrace soon so we dont crash all the way back down :(