Different counts but similar to Ew-and-Patterns predictions. freaking scary screnario however quite possible. As lots of TA do mentioned the correction is not finished.
Perhaps if your (4) was over the to next wave to the right, it would look more symmetrical and waves 5 & 3 would line up in parallel, which helps in validating patterns. At this stage your Bearish scenario seems possible but it would imply breaking the long term support line which it already bounced off a few days back. My pref view is this is beg of Wave 3 up after a .76 retracement to Wave 1, but admittedly it is beginning to look weaker every day that passes...
Different counts but similar to Ew-and-Patterns predictions. freaking scary screnario however quite possible. As lots of TA do mentioned the correction is not finished.
Perhaps if your (4) was over the to next wave to the right, it would look more symmetrical and waves 5 & 3 would line up in parallel, which helps in validating patterns. At this stage your Bearish scenario seems possible but it would imply breaking the long term support line which it already bounced off a few days back. My pref view is this is beg of Wave 3 up after a .76 retracement to Wave 1, but admittedly it is beginning to look weaker every day that passes...