X went higher than top of wave 3 (green in bracket). Y made 5 legs (impulse) but didn't went down below W. And then price kept on making higher highs. That should gave us a hint that wave 4 was a running flat. Look out for the confluence of fibo levels in the white box and the blue horizontal line at 72.70. That might be the next target.
Hi, I was thinking this > invst.ly/7hnno So running flat completed at 7067 and 5 waves up already completed since, maybe now in wave 4 as per your larger timeframe chart?
TheDemonTrader
⋅
@Joseph_King, HAHA...thanks Joseph. Actually I have the exact alternative wave count in mind too. I'm in the midst of plotting it. :D