Follow red arrows initially. If the red arrows stop at the red and green dashed resistance and support, then follow the green arrows for the start of wave 5.
If the green arrows do not break the $4980 resistance, prepare for a downward flat. Follow the purple lines and prepare for a 1.382 extension downward from $5000.
Another analysis will need to be considered if the extension passes 1.382.
If the green arrows do not break the $4980 resistance, prepare for a downward flat. Follow the purple lines and prepare for a 1.382 extension downward from $5000.
Another analysis will need to be considered if the extension passes 1.382.