
Wave 3 Completed?
It looks like Wave 3 (red) has completed. Next Wave 4 (red) will form, going sideways, followed by Wave 5 (red) going upwards. However it is possible that only the first subwave of Wave 3 has formed. Given the size of Wave 1 (red), Wave 3 (red) could possibly extend further. Using an Elliott Wave Principle guideline that Wave 3 would be 161.8% of Wave 1, it would mean that Wave 3 (red) could extend to about 3470.