ok, red 4 does look like a triangle! i should have realised this sideways action was/is a triangle. note each leg is being retraced by 61.8%. a triangle is usually the pattern before the final leg! so thats a good warning to traders. wave red 5 is to be expected and a correction of larger degree will start.
red 5 targets estimated at 24500 (unless red 5 extends ~31K)
longer term...
the 423.6% ratio seems to be important. see the cycle I. if history repeats we should top at the red line (depending on where primary 3 and primary 4 end of course)
red 5 targets estimated at 24500 (unless red 5 extends ~31K)
longer term...
the 423.6% ratio seems to be important. see the cycle I. if history repeats we should top at the red line (depending on where primary 3 and primary 4 end of course)