Continuing from my previous analysis (linked below). The premise behind the BLUE COUNT is that Primary 3 topped in September, and we're now working on Primary 4. Other alternate high-level counts (Red, Black) are also linked below.
It's looking like (A) bottomed and we're just about completing minor A of (B). I've been looking for a top around here since last week, in the pink resistance band. Zoomed in at the 5-min level, A now counts complete in all subwaves, with [c] reaching 0.764 extension of [a]. Currently I'm expecting a drop as we begin minor B. So far tonight I see a nice drop in the futures, but it hasn't broken the trendline yet. Once it does, look out below!
The targets for minor B and C are just guesstimates at this point. B Waves in general are very unpredictable and we won't have good targets until the subwaves start taking shape. However I am expecting a deep B in the 0.618-0.886 zone, possibly even retesting the prior lows.