as expected nice bull run testing top of range an inner wave 1 has been created we now have a 121 bullish formation with a pullback to 1707 area. We should be able to finally break out and make new highs with high 1700 first.
Becoming clearer I see many bears in fact recently told only smart are shorting :) ew count as expected is giving a big clue to extension creating ABC after 5th wave high as bigger cycle minimum is 2000. Extension suggests 2100 longer term with a target of wave3 1837. I have 3 possible counts but this is the best fit short term it hasn't touched 63 intraday...
pretty much same plan same targets minimum 1886 to 1930 target 5th wave currently 1 of 5 of 5 heading possibly for double top short term.
inside smaller tf alternate count abcde is there of wave 1 2 triangle possible drop 24-6
foundations wave 1 2 of 5th wave completing at 1837 retest of wedge and ascending wedge bo next week
5th wave offering clues of extension within an ending diagonal that could turn out to be leading clue is in the formation again not 33333! interesting to see if it respects this pattern
gold in wave 5 of 5 within i suspect wave 1 of 5th wave extension completed wave 3 of wave 1 of wave 5 and now retrace 0.382 of 3 at 1731-28 before testing new highs at 1771 completion of this cycle
i believe the big surprise here is that many see this as the last leg! 5th extension? maybe
similar count a give a few weeks ago seems to be around now simple count clearly extended 1 which sees waves 3 and 5 shorter lengths. For this count, to work we must keep wave 3 as not the shortest wave 5 projection 78% of wave 1
Alternative possibility 5th wave given clues of extension and remains the 38.2% retrace level it likes. Similar to 1 2 of cycle the next level is doing similar