Estimated top of wave 5

15 Ara 2017

Using the basic Elliot wave principles, I estimate as these two possible scenarios. (Ignore the landing spot "5" indicator for the wave, and refer to the circles on the parallels) This wave is falling into the classic Fib ratio with the retracement. The parallels are lining up perfectly! This is my first estimation, so please take my analysis with a grain of salt.