A second attempt at this chart which seems to make more sense. The whole thing hinges on the lead into the chart being an ending diagnal of the corrective wave. Meaning we just completed a wave ((3)) and are correcting in wave ((4)) which may be completing around the current swing low. Wave ((5)) target is just over 1000 which is a big number. Larger degree...
My first EW chart attempt. Take it with a shovel of salt. Tricky chart as not much history. Looking like we completed a wave 5 and are now in a complex correction, which will be a wave II of the higher degree. Wave II corrective target around the weekly pivot, around 218. So, according to that we are heading lower before wave III....but now we hit support level at...