Here is an updated wave count.
I see only 2 possible scenarios to develop for now.
1) the obvious is of course that the wxy-wave down to 3 k, was the end of the correction, and we have since then been in a bullrun.
2) The alternative possibilty is, that the wxy correction to 3 K was only first part of a flat correction- in that case we are now in the making of a B wave in form of a zigzag, where we currently are in the C wave of the zigzag with a target for the c wave (and end of wave B) being around 20.8 K. After that we will have the final C wave of the flat all the way down to 3 K again . Now I am not saying that this is happening - just it is a possibility.
Markets decide.
There is no way to tell at the moment if we still in bear market or bull market has begun, but it is pretty likely, that we either way hit 21k-Ish.
Happy trading
I see only 2 possible scenarios to develop for now.
1) the obvious is of course that the wxy-wave down to 3 k, was the end of the correction, and we have since then been in a bullrun.
2) The alternative possibilty is, that the wxy correction to 3 K was only first part of a flat correction- in that case we are now in the making of a B wave in form of a zigzag, where we currently are in the C wave of the zigzag with a target for the c wave (and end of wave B) being around 20.8 K. After that we will have the final C wave of the flat all the way down to 3 K again . Now I am not saying that this is happening - just it is a possibility.
Markets decide.
There is no way to tell at the moment if we still in bear market or bull market has begun, but it is pretty likely, that we either way hit 21k-Ish.
Happy trading
