Two scenarios:
1. Finished an ABC countertrend (pink) and are heading for 5800.
2. In the process of a larger A wave (teal) and will terminate around 6800 before heading down to 5800.
1. Finished an ABC countertrend (pink) and are heading for 5800.
2. In the process of a larger A wave (teal) and will terminate around 6800 before heading down to 5800.
Comment:
6800 reached.
We may have just finished wave B with a flat (3-3-5) and are on track to 6800.