We are in a bigger correction (wave 4) (the structure from 35oo K) before final push up.
Wavecount and fibs suggests that we might correct to around 15.7 to complete wave 4. We will see what corrective pattern is forming.
I don't think we will see a correction deeper than that because we have not finished 5 waves up yet (as I see it).
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It is still possible that 5th wave up will end at around 21 K. If it does bear market could resume.
If 5th wave gets to around 22.5 k. This could be 1st wave of a bigger 3rd wave. We should then expect a deeper correction, because correction would then be wave 2. We willl see how it progresses.
Wavecount and fibs suggests that we might correct to around 15.7 to complete wave 4. We will see what corrective pattern is forming.
I don't think we will see a correction deeper than that because we have not finished 5 waves up yet (as I see it).
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It is still possible that 5th wave up will end at around 21 K. If it does bear market could resume.
If 5th wave gets to around 22.5 k. This could be 1st wave of a bigger 3rd wave. We should then expect a deeper correction, because correction would then be wave 2. We willl see how it progresses.
코멘트:
It seems we have finished a zigzag down. It gives a scenario, that the blue (V) will extend higher or we willl get 3 waves up and then continue correction down.
코멘트:
It looks as if we go up and break 20K.
코멘트:
a little premature with the bullish count. We might still be in corrective mode(a triangle as b-wave?
코멘트:
코멘트:
this is also possible scenario short-term.
코멘트:
this pattern looks complete.
코멘트:
since we had a new low, correction is likely not over yet.
2 scenarios I am watching
2 scenarios I am watching
코멘트:
although it is still possible that we get rejected and continue correction, the current move up does looks like af bullish 5 wave structure and not a corrective one. lets see if this move up breaks the top
코멘트:
Wavecount update
