With this wave count I show how my original count (to $7700) could still play out. This would be through a continuation of an ABC that would fulfill a WXY, test the 0.618 (of the macro level move) AND re-test the current downtrend line as support (line shown in red from my earlier analysis).
The sub waves are fictitious - just to be used as examples! I do not do timescale analysis and I have not used Fibonacci extension to work out these smaller sub waves.
Sorry for all the lines!
The sub waves are fictitious - just to be used as examples! I do not do timescale analysis and I have not used Fibonacci extension to work out these smaller sub waves.
Sorry for all the lines!
Note
If I was to add timescale analysis then I would say that the C wave would go to the 1.0 - 1.618 timescale of wave A. That would put us between the 24th - 26th of this month! 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.