Assumptions:
1- Wave 5 of Green Wave 3 Failed (Truncated)
2- Wave 4 Green is a Triangle
Target: 1,270 / 9th Feb 2022
Invalidation of Triangle: 116.90
Time Analysis:
1- Wave E of the Triangle = 2.382 Green Wave 2
2- Wave E of the Triangle = Green Wave 3
Summary: Time analysis supports the end of Green Wave 4 and hence, Bullish.
Possible Bearish Scenarios:
1- Wave A up instead of of Green Wave 3 top, B Triangle and now C Wave up to 400 and from there go down to 60
2- Wave 4 in progress and heading down to 60 and from there to 1.2k
To sum up, I personally do not see them happening and I am giving the bullish scenario the highest possibility.
GOODLUCK!
1- Wave 5 of Green Wave 3 Failed (Truncated)
2- Wave 4 Green is a Triangle
Target: 1,270 / 9th Feb 2022
Invalidation of Triangle: 116.90
Time Analysis:
1- Wave E of the Triangle = 2.382 Green Wave 2
2- Wave E of the Triangle = Green Wave 3
Summary: Time analysis supports the end of Green Wave 4 and hence, Bullish.
Possible Bearish Scenarios:
1- Wave A up instead of of Green Wave 3 top, B Triangle and now C Wave up to 400 and from there go down to 60
2- Wave 4 in progress and heading down to 60 and from there to 1.2k
To sum up, I personally do not see them happening and I am giving the bullish scenario the highest possibility.
GOODLUCK!
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