Yes, this is exactly my count Mike. And you have the same target of 3278 where 5 = 0.618 of 1-3. I suspect the market will form a difficult and misleading rising wedge as the final move upwards. I am not sure of a target date and it might take some time.
There is one difference in our counts - I see this as a large ABC rise as the first part of an even bigger rising wedge for the big 5th wave from 1906. So 3278 will be wave 'a' of a rising wedge and wave 'b' should drop to at least overlap the three peaks formation at 2100.
mikeoakster
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Hi, Kunsan. Regarding your bigger rising wedge, it seems to me the market has risen too high for this to be just the first wave of a big ending diagonal... and if one can count 5 waves, perhaps one should not bet on a 3 waves count...
There is one difference in our counts - I see this as a large ABC rise as the first part of an even bigger rising wedge for the big 5th wave from 1906. So 3278 will be wave 'a' of a rising wedge and wave 'b' should drop to at least overlap the three peaks formation at 2100.