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Anything above 112 should be part of euphoria that may extend upto 164.17 (if sentiment allows); corrective 5th may end around 50-53 and then final thrust towards new high (5th) should begin. (If , moves past 80-83 without 5th correction , corrective wave count will be invalid).
Labelling of counts can be wrong in this, but you get the idea.
Anything above 112 should be part of euphoria that may extend upto 164.17 (if sentiment allows); corrective 5th may end around 50-53 and then final thrust towards new high (5th) should begin. (If , moves past 80-83 without 5th correction , corrective wave count will be invalid).
Labelling of counts can be wrong in this, but you get the idea.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.