All of wave 5 of circle B.......or just wave 1???

21 May 2020

Key levels: break of 1744 means we go to new highs, I'd consider 1735 if you wanted to be more agressive. I'm leaning this way. A break of 1692 (by my count, wave e of 4) means we're heading towards 1000 and potentially lower. Green horizontal are fib extensions for w,x,and y as a corrective wave. Wave y = wave w at 1711. Red horizontals are fib retracements for all of wave 1. WXY would retrace .786 of wave 1 at 1709.