Ready for bulls?

If the blue wave count is correct, another new high is not so far away
alternatively, complex sub wave e is also possible OR sub wave d is still unfolding (although less likely)

Kommentera:

Kommentera:

we still can not rule out a double zigzag for triangle wave {d} so far

Kommentera:

double zigzag wave {d} is less likely to happen

Kommentera:

sustain break above 6998.6 would likely to suggest triangle is done

Kommentera:

Kommentera:

I am still inclined toward the (i)-(ii) + i = ii scenario

Kommentera:

we can have a bearish reversal if count the wave like this
alternatively, this 5-waves sequence only forms wave i circle instead

Kommentera:

immediate break above 7446.6 would signal more upside potential as it would suggest the sharp decline since 7508.6 was in three waves and it could be the sub wave (ii) of red wave {iii}