Scenario 1:
- Wave 4 complete. 1-2 setup of wave 5 complete
- Confirmation with candle close above the descending curve and above 375.77
- Target: $391.50-$400
Scenario 2:
- Wave 4 incomplete. Move down was just an A wave and we are now in wave B to be followed
by a wave C
- Target: $360.38 - $350.60
- Wave 4 complete. 1-2 setup of wave 5 complete
- Confirmation with candle close above the descending curve and above 375.77
- Target: $391.50-$400
Scenario 2:
- Wave 4 incomplete. Move down was just an A wave and we are now in wave B to be followed
by a wave C
- Target: $360.38 - $350.60
Comment:
It seems that the yellow a-b-c wave count is playing out with the b-wave top likely in place. This will be further confirmed with a break below $366
Comment:
it seems like sideways price action beat both scenarios in the end and wave 4 ended as a triangle