Looking at the 4hr chart comparing Elliot Wave scenarios.
We can be in a couple different positions right now.
1. Just had an extended wave5
Finishing waveB, this could get us to 50000 and waveC would end up near 40000-42000, this could also continue into 5wave down.
2. We had an extended wave3 and this is wave4 which has not yet dropped into wave1 making this still valid, a run to 52800 to satisfy at minimum a truncated wave5. 54000-58000 to satisfy and finish impulse wave5.
3. Only Wave2 on a larger scale which could land near 32000-38000 before going up to our all time high to satisfy wave3, with 72000-74000 being target within 1-2 months
Details triggers and confirmations will be shared as we progress.
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