Hi guys,
you have probably already seen very similar wave counts but this is ultimately the one that makes more sense to me even though it is also the most obvious.
Looking at the price and time relationship between wave 1 to 2 at the primary level, I would expect price to have a further push up until at 46/48K area, before dropping down to complete wave 4 around the 20K level. From there it should find the support of the lower trend line from wave 2.
Long term target to complete wave 5 is around 130K.
The chart is in log scale
you have probably already seen very similar wave counts but this is ultimately the one that makes more sense to me even though it is also the most obvious.
Looking at the price and time relationship between wave 1 to 2 at the primary level, I would expect price to have a further push up until at 46/48K area, before dropping down to complete wave 4 around the 20K level. From there it should find the support of the lower trend line from wave 2.
Long term target to complete wave 5 is around 130K.
The chart is in log scale