Three scenarios based on the wave 5, Bullish
1-Weak market (scenario 1) (Very low probability, In rare cases)
2-Bullish market (scenario 2)
3-Strong bullish market (scenario 3), (Based on the large price drop in Wave 4, Wave 5 is predicted to be according to Scenario 3)
Also; Wave 4 does not overlap with the price territory of wave 1, Therefore, Wave 4 has reached its lowest price!
Note
NEW ATH
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.