There are 2 possible wave counts at the moment.
This is the first option, we just had the c wave, so the correction is over.
This based on the fact that this c wave is an extention of the a wave.
Meaning that we will see new impulse waves to the upside.
The target for the first wave should be around 9.7k
The second option is that we are in the a wave of the correction and that we had a truncated 5th wave. Since we counted 5 subwaves down we should see a b wave that retraces to the 9.7k level.
Even when we are not sure what the wave count is, we can play it safe like this.
This is the first option, we just had the c wave, so the correction is over.
This based on the fact that this c wave is an extention of the a wave.
Meaning that we will see new impulse waves to the upside.
The target for the first wave should be around 9.7k
The second option is that we are in the a wave of the correction and that we had a truncated 5th wave. Since we counted 5 subwaves down we should see a b wave that retraces to the 9.7k level.
Even when we are not sure what the wave count is, we can play it safe like this.