This is No 5th Wave. Look to the left of this chart to see what a real 5th Wave looks like.
At this point the index has reached the lower end of the price objective of a measured move, but could potentially trade higher towards 3000. This Primary cycle is running out time and should start entering its most bearish phase. We’ll know this upwards correction is done when price starts breaking support and drops out of the price channel.
Hello Cincinnatuus, I think it's possible that wave (IV) is in there, but then we can not touch the 2,790 points anymore. If we touch the 2,790, then your scenario is also my https://favorite.https://www.tradingview.com/x/MhvRLjHO/