Here's a potential subwave count for a possible wave 1, although I don't like it much. The subwave 3 fell shy of subwave 1's 1.618 and therefore the target of the subwave 5 would have to be 0.618 of both waves 1+3 combined.
Alternatively, this is all an obscure ABC up before another impulse down. Either way, I don't believe we breach much higher than 6800.
Alternatively, this is all an obscure ABC up before another impulse down. Either way, I don't believe we breach much higher than 6800.
Note
Target hit!
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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.