This count suggests price might start to go sideways in a Triangle formation as a wave 4 before going up one last time in a wave 5.
So, look my previous post for the trade setup update.
If price stays range bound between A and B, then this count becomes more and more likely. Therefore, range traders, do your thing here. I'm watching my active trade and staying on hold for the rest until it breaksout (again, if this count is correct)
!!! if price goes above wave B or below wave A, then this count gets negated and we have to analyse the market again !
Kommentera
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If price does follow this path, then the chances are high we are in a sideway correction, meaning we will have one more nice big push up after this, towards 3K.