First we notice a short term . Market did correct in past few days but this is normal with every market. Don't call the sky is falling. It's not, well at least not yet.
Scenario 1: Light Blue: Nice noticeable . A pole to commence wave 1, a pattern Wave 2, and a commencement at flag break out of wave 3, with a 5 wave expected expansion. This is what we want!
Scenario 2: This current trend could also meet a ab-cd which means current price and still fall away to challenger the bottom of AB wave. If this does we need to look for divergence on , then some to support a reversal. Remember this can then challenge the top of this pattern. If it breaks out, the trend will begin to either form a triple top, or pass through to extend.
-Triple top is not out of the question.
-Scenario 1 means we could be in the beginning of a wave 3. (currently in waves of lesser degree within wave 3)
-Scenario 2 means this could still drop, at that point look for divergence and
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