The chart shows us an Emerged Crossing (white bar on histogram) and after that an expected growth. This is our own method called water crossing that we will talk more about soon.
In the last post we anticipate the sequence of last impulse waves. If you remember, we said (here) that the market doesn’t like uncertainty and the forecast was bullish… then we got the end of wave 5 and now started the A of minor ABC correction.
The end of wave A can take us under 7k and the wave B can take us above 7.8k… C can lead us to revisit 6.8k.