A 1.618 projection of wave 1 & 3 from the bottom 7894 to 8417 is 8740.
And a .618 projection of the last leg is approx.: (Note that: wave 4 not yet completed) 8760, if correcting to 8550.
Very interesting story of the Tiger and shepherd boy who was mocking the farmers. This resembles like the Bear and the technical analyst call a correction to the traders.
After some days as the boy, perched up on a tree on FEB 2, as singing a song, there came a Tiger. The boy cried loudly "tiger, tiger”, the tiger is carrying a lamb away." There was no one to come. The boy shouted "Help! Tiger! Help!" Still no one came to his help. The villagers thought that the boy was playing mischief again.