As per the chart, we are in currently a massive bull flag awaiting starting of the highest degree of wave 3.
Putting it simply, I would not be suprised if this is the moment we have been waiting for.
The next lowest wave of degree is a count of C, which looks like a flat, with the final wave C with 5 subwaves which will retract to around the previous 4.
The third highest degree is starting wave C, which will then move into an impulse 5 wave UP the chart based on the next higher degree starting C.
Plus, if either the bull flag trend lines are broken, we will see action.
This could be the moment we have all been waiting for.
Cam
N.B I hasten to add - if 6000 is broken, this is not the end of wave 2 of the highest degree or wave B of the second highest degree, and we will see further retracement. Something big is about to happen.
Putting it simply, I would not be suprised if this is the moment we have been waiting for.
The next lowest wave of degree is a count of C, which looks like a flat, with the final wave C with 5 subwaves which will retract to around the previous 4.
The third highest degree is starting wave C, which will then move into an impulse 5 wave UP the chart based on the next higher degree starting C.
Plus, if either the bull flag trend lines are broken, we will see action.
This could be the moment we have all been waiting for.
Cam
N.B I hasten to add - if 6000 is broken, this is not the end of wave 2 of the highest degree or wave B of the second highest degree, and we will see further retracement. Something big is about to happen.