Alt count for more upside
Here's one of the alternative interpretations I mentioned before that would take equality from the 23.6% retracement of submicro wave 3 (23.6% is a common fib level for a wave 4), finding the upper target levels I had previously charted. The 1st of the 3rd isn't ideal, but it still works nonetheless.
Otherwise, a less likely series of 1-2s could result in a much bigger extended 5th wave.
Apart from EW, clearly 100K will be a significant level to break through, so if it manages it, ideally it would retest it and find support before continuing to the upside.
Otherwise, a less likely series of 1-2s could result in a much bigger extended 5th wave.
Apart from EW, clearly 100K will be a significant level to break through, so if it manages it, ideally it would retest it and find support before continuing to the upside.
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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.