is still correcting and busy completing the 4th. Probable target for the 4th would be the 0.382-0.5 fib levels
From there we can expect it to finish the impulsive wave up with a 5th wave
After the 5th wave we get a correction, again to the 0.382-0.5 fib levels of the entire 5 impulsive wave
And then things get interesting..
1) Bull scenario this would complete the correction and we get an 5 impulsive wave up again
2) Bear scenario the previous 5 impulsive wave up is a C on a higher degree and so it finished an ABC
Meaning we now we get an 5 impulsive wave down presumably touching the 5.2-5.4k
My plan.. short as soon as 5 is in.. since in both bull & bear scenario's we're going down.
From there we can expect it to finish the impulsive wave up with a 5th wave
After the 5th wave we get a correction, again to the 0.382-0.5 fib levels of the entire 5 impulsive wave
And then things get interesting..
1) Bull scenario this would complete the correction and we get an 5 impulsive wave up again
2) Bear scenario the previous 5 impulsive wave up is a C on a higher degree and so it finished an ABC
Meaning we now we get an 5 impulsive wave down presumably touching the 5.2-5.4k
My plan.. short as soon as 5 is in.. since in both bull & bear scenario's we're going down.