Look at possible structure for wave 5 as per this chart >
Could have completed wave 1 from 6183 to 6775, then 0.382 correction (a fairly common wave 2 fib level), now in sub wave 1 of 3, with sub wave 2 on the way.
There does appear to be a pennant/triangle forming though which could mean a little more upside to 6910-6950 >
Could have completed wave 1 from 6183 to 6775, then 0.382 correction (a fairly common wave 2 fib level), now in sub wave 1 of 3, with sub wave 2 on the way.
There does appear to be a pennant/triangle forming though which could mean a little more upside to 6910-6950 >
Comment:
Wave 4 (white waves) in the chart should be at 6919, not where it's currently showing.