today primary wave 4 was invalidated as a normal impulse wave as the market moves into primary wave 1 terriroty. the pattern looks like a large expanding leading diagonal that is the only pattern which makes sense to me, typically wave 5 ends just before touching the 1-3 trendline
This so called 4 wave is too far into 1. I think we had a 1 wave ending on high of 16.41 on 8/17/12; 3 wave ending at 179 on 4/11/13; 5 wave ending at 1163 on 11/30/14 and is the cycle 1 wave high. This diagonal from the highs is a larger 2 wave. We are now about to embark on the larger cycle 3 wave with a 5 wave structure inside it. Your original call of 99k was correct - the high of the cycle 3 wave. This being the case, 3K is chump change. Let me know your thoughts. Thanks.