This wave pattern is very close to reality,

Here you can see how an extended flat elliot wave should be counted.
However there are multiple counts possible on current date,
Using different geometric tools and projections, we can pretty determine accuratly where the price currently is behaving.

Therefore I'm expecting at this moment a new wave up, which can be pretty str8 forward, since it is an ABC counting 2 impulse waves.
every A and C wave can be impulse or diagonal. So this complex corrective wave will not be easy for many traders to trade.
Here are some guidelines to help you identify the right trading spot for trading.

There are multiple tools to calculate the these elliot wave turning points on the forecast. It is not hard, however some studies you need to know on counting elliot wave and its fibonacci sequence correlation!
Try to avoid the B waves for trading,
Only trade the A and C wave, it is easier to do so in the bigger impulse 3 wave.

Fib sequences, Since it looks like this corrective C wave, is an diagonal.. We expect wave 5 to be projected around 44-46k. However, it really depends on the stretch of current A B C wave in wave 2.
once we completed this up leg. prepare for shorts, Ofcourse the C wave currently is an bearisch trend. So make sure you only trade the short moves, not the longs.
Only if you know how to calculate turning points within these trend, it is possible to benefit from it, as you can pretty accuratly predit where the price reversal zones exists.


I wish you all the best in Trading.
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