Not enough coffee before posting this morning...I think my last chart is incorrect as Y wave must be an ABC, not 5 wave structure, so this is the alternative and a look at smaller timeframe below:
1H >
B wave correcting .236 of A wave.
5M >
Wave 4 of A correcting 0.5, fib levels seem to make sense
1H >
5M >
Kommentar:
Another alternative, either way I think we are at the top of the correction, or very close to it >
Kommentar:
Seems a bit like no mans land, imo can fall from here from what looks like a bear flag after 5 waves up completed >
Or we could have one more wave up to 6980 >