My preferred view is a reach to 4200 and I want to zoom in on that. I have suspected that we might distribute up here, and so far we at least have in fact seen some congestion here. One question is: how long could we stay up here? And looking closely, perhaps not too much longer.
From Green B to Green C, we may simply have an impulse wave up (5 blue waves). There should be a relationship between waves 1 and 3 and 1 and 5. There is a 78.6% relationship between blue 3 and blue 1, and as it turns out, a push to 4200 will give us a 38.2% relationship between blue 5 and blue 1. So, at 4200 we would have good balance.
It is thus possible that the last couple of days have been blue 4. And internally, it counts quite well and balanced as an a-b-c (in orange), with orange c being an impulse wave of its own, and it, too has excellent internal balance between the red waves that compose it. I have noted the various relationships on the chart.
My conclusions from this are that I expect one more push to 4200 and hopefully we will begin a decline from there.
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