Two possible scenarios
1. We are now in the retracement of Wave 4 and are looking to go into the 5th and final Wave in the range of 7400-8250.
So my guess would be that we retrace in the range of 7400-7700 and would target 5000-6100 with the highest low possible of around 2800.
So i´ll just start laddering my buys from 6100 on.
2. If we brake 8250 however then this count is invalidated and it shouldn´t take long to test the upper trendline in white, which represents the mayor downtrendline from the top of 20k.
So if we actually push that high then the probability is high that we are looking at the start of a new bullrun after this trendline is breached.
So my guess would be that we retrace in the range of 7400-7700 and would target 5000-6100 with the highest low possible of around 2800.
So i´ll just start laddering my buys from 6100 on.
2. If we brake 8250 however then this count is invalidated and it shouldn´t take long to test the upper trendline in white, which represents the mayor downtrendline from the top of 20k.
So if we actually push that high then the probability is high that we are looking at the start of a new bullrun after this trendline is breached.
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