Now the last wave "e" of the huge triangle forming.
Looks like the wave 'e' coud forms as 4 possibilities:
A zigzag: now A of this zigzag comes to the end with around 8600. then goes up to 0.5-0.618 fib with B, and C will hit 7700.
Finally it will breakout to 8350+17000=25350.
A small triangle: wave a of this small triangle willl hit 8700 and finish the following wave later.
Finally it will breakout to 8600+17000=24700.
A D-zigzag: could reach 0.618-0.7 fib of wave 'D' of huge triangle.
Finally it will breakout to 6125+17000=23125
A T-zigzag: could reach 0.7-1.1 fib of wave 'D' of huge triangle.
Finally it will breakout to 3600+17000=20600.
How we choose:
1. MFI below 20 and diverges.
2. Pullback with huge volume.
3. Quarterly premium becomes negative.
Looks like the wave 'e' coud forms as 4 possibilities:
A zigzag: now A of this zigzag comes to the end with around 8600. then goes up to 0.5-0.618 fib with B, and C will hit 7700.
Finally it will breakout to 8350+17000=25350.
A small triangle: wave a of this small triangle willl hit 8700 and finish the following wave later.
Finally it will breakout to 8600+17000=24700.
A D-zigzag: could reach 0.618-0.7 fib of wave 'D' of huge triangle.
Finally it will breakout to 6125+17000=23125
A T-zigzag: could reach 0.7-1.1 fib of wave 'D' of huge triangle.
Finally it will breakout to 3600+17000=20600.
How we choose:
1. MFI below 20 and diverges.
2. Pullback with huge volume.
3. Quarterly premium becomes negative.