After a very strong wave 3 we also have a very strong wave 5, which seems to find an end near the 12200 (fibo 1.0).
If wave 5 should end there we should see a bigger correction (in time and space) which will get in the area of wave 4 (marked in red as a-b-c).
Should wave 5 not stop at fibo 1.0 it may form an extended wave 5 which will run ultimately till 1.618 (nearly 12500).
If wave 5 should end there we should see a bigger correction (in time and space) which will get in the area of wave 4 (marked in red as a-b-c).
Should wave 5 not stop at fibo 1.0 it may form an extended wave 5 which will run ultimately till 1.618 (nearly 12500).