First count. The (blue) ABC that makes this correction done for wave 4 and we heading for wave 5 that could target 8800 9000 (if we really bullish that is)
Second count: The (yellow alternative count) We could be doing a large B and our low of 7800 was our wave A and yet C remains to come down to target anything around 7600 - 7700 range.
And last but not least, something we need to keep in mind...what if all this is a inverted head and shoulder that confirms the (blue, first count) correction true and valid and all that we doing now is forming a right shoulder and up we go from there targeting 8800 - 9000.
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