We could be in the presence of a series of nested 1-2 getting ready to explode big time... This would fit well into the leading diagonal count I'm proposing for Primary wave 1 (green), which would then target at least 2800 for its respective fifth wave, so let's round it to 3000 for the end of the bull market. For now, in Subminuette degree (light blue), I count...
Weekly perspective on my ending diagonal count, in which actionary waves 3 and 5 would last half of the time of each respective preceding actionary wave, while reactionary wave 4 would last half of the time of its respective preceding reactionary wave (wave 2). Let's see if the market displays more strength than I am suggesting in this plan, so then we have more...
I think it's important to pay attention to the ending diagonal count, so here is a tentative analysis. Current potential triangle in Minuette degree (pink) could already be finished, or one more day to complete it and its respective combination pattern to end Minor wave 4. So, let's monitor the breakout, whatever the direction it takes... It seems to me the...
Main (impulse) and alternate (ABC correction in red) counts. Either way, if my running triangle count holds, we'll go higher for now.
Now what, a running triangle, is it? Will we have a set of five waves up now?
It appears to me we've just had an ABC correction, therefore I expect the market to reach the top of the potential green channel.
Adding price targets in % of Primary wave I to the bullish long term count. 2.700 appears to be the target to which confluences all the criteria I'm presenting in the chart, i.e., % of Primary wave I, price of Primary wave I and the top of the channel. When the base of the channel is breached, that will be it!...
Perhaps we shouldn't forget the ending diagonal scenario for the end of the bull market...
My target has been reached, but I think one more litle push up is needed to complete the current impulse in miniscule degree. After that, if an expanding triangle is in fact the corrective pattern underway, I expect an ABC or WXY pattern to unfold to the downside, which would have to go beyond the end of subminuette wave c (red). One alternate count is to...
... so let's play: expanding triangle. Considering the plan, the target after the breakout will be around 2300. Or not!... I'm trying to follow the structure here. I'm trying, but I can fail, needless to say. I was expecting to see the market retracing at least 90% of Minute wave a (red), but if failed to get there, and now three waves down again (at least,...
Maybe Minuette wave (iv) is not over yet, and, if that's the case, an expanded flat could unfold.
Could be an ending diagonal to complete Minuette wave (v).
Going for Minuette wave v, to complete Minute wave v, to complete Minor wave 3. It's seem to me this market has been showing too much impulsiveness to be still considered an ending diagonal.
After a set of five waves up, will we have three waves down, followed by another five up?