I've been asked where the correction might end, the true is that nobody knows
Just Sharing
I still see that we are on wave 4, some people says that wave 4 is over, I don't think so because of two things:
First, internal counting, I see we just ended wave B of 4, right now is building wave C wich would have 5 internal waves to the upside.
Second, Fibonacci, Wave 4 normally corrects to 38.2%... still far from there, that level is on 32800 zone.
I think we would see a Squiz to the zone and then another heavy drop. (Wave 5)
Ounce wave 4 is over we will be able to use fibonacci extension and that would give us an idea of where the correction might end.
Just Sharing
I still see that we are on wave 4, some people says that wave 4 is over, I don't think so because of two things:
First, internal counting, I see we just ended wave B of 4, right now is building wave C wich would have 5 internal waves to the upside.
Second, Fibonacci, Wave 4 normally corrects to 38.2%... still far from there, that level is on 32800 zone.
I think we would see a Squiz to the zone and then another heavy drop. (Wave 5)
Ounce wave 4 is over we will be able to use fibonacci extension and that would give us an idea of where the correction might end.
Now we are finishing wave (4)
Remember that wave 4 should not touch the end of wave 1