I believe us to be on a wave 5, but of a wave 3. The question is, what kind of pattern will we get. That yellow 1.618 circled? That is drawn from the very beginning (properly). That 1.618 extension is drawn as Y2K being the beginning of the wave 2 flat pattern which was completed in 2008 (when everyone thought the Great Depression was back, hehe). 3000 price level is a key Fibonacci level. With that said, the question is will we get a running flat? Ending diagonal? There is definitely some trend fib overlap at our fork if price reaches that level without major pullback, but considering we are breaking highs we can get a drop anytime (even if just a correction for a runner). But wave 4 usually does a 23-38% retrace of wave 3. You see the levels. I hope price doesn't run too high, would prefer 23%. And keep in mind there are many different patterns that can arise but fib wise, we may get something to the tune I have drawn. I expect up and down movement. I believe if it shoots up hard breaking way above 3000.... It is no bueno. Then we could even get into talking about the dow and countries going to the gold standard and commodity pricing such as silver, gold and platinum, but I think that is enough for one night.