I feel this could be a high probability scenario within the next couple of weeks. Wave 4 is a triangle and wave e is also a triangle itself. Wave 5 only started a couple of days ago. If wave 1 equals wave 5 as is often the case, the target would be 232.62 for wave 5. That would be the end of the bear market. Wave 5 would not be truncated.
Note: Wave 1 high at 170.28 so there would be no overlapping if wave 4 ends at 232. The impulsive wave starting at 45 will still be intact for the wave 5 move to ATH
This is my main count. It has the right "look" of an impulse wave. The market tried very hard to distort the triangle but if you extend those lines they do converge
Note: Wave 1 high at 170.28 so there would be no overlapping if wave 4 ends at 232. The impulsive wave starting at 45 will still be intact for the wave 5 move to ATH
This is my main count. It has the right "look" of an impulse wave. The market tried very hard to distort the triangle but if you extend those lines they do converge