A meaningfull discription would be.
If current pattern continues and resolves to a wave 5 completion , which ends at 63kish , we have firmly broken prev. ATH and can expect more up.
If current pattern discontinues at prev. ATH which sits at 58k-ish, (by means of a firm rejection at that level), the current formation points down and could in theory resolve into filling the cme gaps at the 9k ish levels.
Besides another scenario that will be applicable when we break prev ATH , one that shows a wave 1-2 formation at 43k -52k-46k(ish), there is not much more to say:)
Be aware and have a nice day
If current pattern continues and resolves to a wave 5 completion , which ends at 63kish , we have firmly broken prev. ATH and can expect more up.
If current pattern discontinues at prev. ATH which sits at 58k-ish, (by means of a firm rejection at that level), the current formation points down and could in theory resolve into filling the cme gaps at the 9k ish levels.
Besides another scenario that will be applicable when we break prev ATH , one that shows a wave 1-2 formation at 43k -52k-46k(ish), there is not much more to say:)
Be aware and have a nice day