My basic concept is from Newtonian physics, f=ma, object in motion, etc.
Waves start with an "Impulse" (fib 0, 1) that create "Ripples" (fib multiples).
There are common phenomenon that can be used for projecting ahead.
Green 4.236 is most likely end of the "Major" wave started by its Impulse.
Confluence of other possible wave end points define the zones of relevance.
In this particular case I am NOT thrilled with the confluences at the top.
For Blue wave, the 9.618 was first choice, but Green fibs did not coincide.
For Parabolic wave the 15.325 is first choice, thus a thin red zone between.
Of course there is no guarantee this goes up any higher, might just flop.
But the overall market conditions are very and this one is lagging.
We may be due for a correction to seek a new Impulse for the final leg.
My "Book" detailing my Methodology with Numerous Examples:
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: one Ping only
the Trading View is my Nation
the Moderator Tag is my Flag