Blue count I think is the most probable, we are in a Leading Diagonal Wave (1), either a completed Wave 3 at the 1.0 extension 47k or it completes at the 1.272 52k, either way short term we should be seeing a bounce, 4H RSI divergence. Red count is also possible but I think not probable, this count suggest we are still in a Primary Wave 4 and we should be seeing 30k.
Chart shows a possible price of $350k by the year 2032, Logarithmic regression represent decaying growth and Fibonacci extension of the first wave shows cycles repeating themselves in terms of percentages.
wave ((iii)) of 3 of (3) begins
My wave count suggests we finished correction of wave ((ii)) of 3 of (5) NASDAQ:DBX
Probable possibility Expecting Minor Wave C to complete Intermediate Wave (2) An equal A to C aligns with the 50% of (1)
Correction hit the 38.2% Possible nested wave one of a fifth of intermediate degree I believe to be upside from now on, volume is relatively low but it should pick up leading to earnings day. My target remains the same but time frame changed, I expect it to continue to go up after earnings, unless the price raises drastically which is very unlikely.
We could possibly be seeing the first waves of the impulse, Wave (5). My bet is on a completed correction Wave (4) Probable/possible target for upcoming waves were labeled.
Wave (4) correction complete: Five waves ABCDE ( I labeled WXYXZ) Correction ended on a Zigzag with ((c)) truncated fifth wave After that we see an impulsive wave one, labeled as i Wave iii broke past the resistance of the triangle and reached the 1.618 of wave i, this is clear confirmation of change of the trend, we now begin Wave (5) Sorry all my previous...
We could be looking at a completed third wave and the beginning of corrective wave 4 at around $6.83
Update to previous posted chart, possible/probable target price around $66
Possible/Probable wave count and outcome for corrective Wave (2) Either way I think it'll retrace to the 61.8% or 50% If A is not complete, then it'll go lower, 38.2%
Probable/Possible wave count and targets
This is an update to all my previous allegedly completed correction charts I called it done too soon Hopefully it is done now... Practice labeling, learning as we go.
Last two charts posted yesterday wave count was incorrect, it is easier to see the pattern once is complete, which is a Leading Diagonal for Wave 1. Up in five, target is now at least 41293 for Wave 3 (1.618 of Wave 1)
Possible correct wave count Target remains the same
Looking at a possible nested wave ones, the 1.618 of both 1 and ((i)) match target of 39647
This is the Wave (4) corrective pattern, a combination of two Expanded Flats, Double Three WXY From here I'm pretty confident it is goin up, but could be up in three waves for an X then side movement for another Flat Z OR up in five waves for wave 1 of (5) I believe this to be the end of correction so second scenario is most likely.