I had just a scenario for a higher degree pattern (Orange link in the picture) But after seeing Mr. Neely's analysis, I went ahead with his scenario...
Explanation of long-term analysis:
Scenario I - If the C wave is terminal impulse pattern,
the thrust must in less than 50% time of this pattern touch the starting point of this pattern(Minimum requirement),
in...
|Mid-term analysis updated and the wave count has changed,Check the first post to see the long-term analysis|
If the pattern inside wave-e is a neutral triangle,it is necessary that at least part of wave d enters part of the price level of wave b,
In case of such a movement,we expect the completion of the e wave and after that the price will move towards 40k.
|This is Mid-term analysis,to see the Long-term analysis check the previous post|
Scenario I - If the C wave is terminal impulse pattern,the thrust must in less than 50% time of this pattern Touch the starting point of this pattern(Minimum requirement).
Scenario II - if the C wave is reverse alternation contracting triangle pattern,the thrust must between 20%...
