4 scenarios I look for.
1st scenario is that we have finished 5 waves from 3500K bottom and we are in a long and deep correction. If so we have likely finished wave A and we are currently in a b wave (possibly a triangle) before we get a c wave down.
2nd scenario. we are in an ext. 5th wave, and we have completed wave 1 and 2. not the most likely scenario
3rd scenario: we are in a triangle, and have finished wave c and are currently in wave d. This scenario is not very likely, because the rsi does not support a triangle, but still a possibility.
4th scenario; we are in a flat correction and we are in on going c wave.
1st and 4th scenario I find the most likely at the moment.
1st scenario is that we have finished 5 waves from 3500K bottom and we are in a long and deep correction. If so we have likely finished wave A and we are currently in a b wave (possibly a triangle) before we get a c wave down.
2nd scenario. we are in an ext. 5th wave, and we have completed wave 1 and 2. not the most likely scenario
3rd scenario: we are in a triangle, and have finished wave c and are currently in wave d. This scenario is not very likely, because the rsi does not support a triangle, but still a possibility.
4th scenario; we are in a flat correction and we are in on going c wave.
1st and 4th scenario I find the most likely at the moment.
Note
scenario 2 Note
scenario 3 Note
scenario 4 Note
I have this count on the bottom so far. Looks like we go up from here Note
Messy waves. Are we building up a leading diagonal here? Note
Looks to me that we are making a series of 1 st waves here. Note
Shortterm. We are working on a diagonal up. A 1st wave ( or a c wave). Note
Still in play Note
Be Award that after we have finished the move up yo 43 k it might be a bearish wave up and not a series of 1st waves. Still a lot os ways this Can turn into. If 43 k gets hit we Can expect either deep wave 2 retracement or a berish impulse Down. Note
Looks like a bullish ongoing impulse up.Note
Note
Move up was a triple zigzag. It cannot be a leading diagonal so it must be a corrective move. So looks like a bearish move Down. Not quite sure which pattern at play but Bull seems doubtfull at the moment unless 40.200 holds Note
If we get s bearish wave Down this pattern might be in play Note
If 40.2 holds we could still be bullish if its part of a leading diagonal Note
Looks like the move up the blue is a leading diagonal. This might be a 1st wave of a c wave up. Still messy overlapping waves for now Note
Messy waves but it looks like an ongoing impulse so far Note
Updated count Note
Still a bit messy. We did a zigzag up. Current wave count from bottom is either a corrective move up ( double zigzag the blue abc) or wave 1 and 3 of an unfinished leading diagonal up. 
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.
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.