Going down the time frames lets take a look at the wave C of Y of the 3rd wave of the highest degree wave 5.
it appears we have completed waves 1 and 2 and are currently in the third wave, within which we've seen sub waves 1 to 3 and appear to have entered the 4th wave thanks to the strong supply zone @$172-184. sub waves 1 and 3 show equality allowing us to anticipate a 5th wave extension, the minimum target of which is 100% of sub waves 1+3. giving a price target of $227 for the next impulse (so I'll not expect a drastic reversal at the supply zone around $208)
N.B price can spend a good amount of time within the purple range before taking off.
it appears we have completed waves 1 and 2 and are currently in the third wave, within which we've seen sub waves 1 to 3 and appear to have entered the 4th wave thanks to the strong supply zone @$172-184. sub waves 1 and 3 show equality allowing us to anticipate a 5th wave extension, the minimum target of which is 100% of sub waves 1+3. giving a price target of $227 for the next impulse (so I'll not expect a drastic reversal at the supply zone around $208)
N.B price can spend a good amount of time within the purple range before taking off.
