The ending diagonal seems completed at 1.236 fibonacci extension of Wave W to Wave X. I would like to see the high of 86.66 and 90.17 to be taken out as confirmation for high probability trade which shown in figure. The figure was taken from Jeffery Kennedy's book. Whether this is the start of Wave 3 of higher degree of Wave 5 or Wave B of 2 is not yet known. For now, i would assume this is the start of Wave 3 of light blue.
Komen:
yesterday was a little early, and perhaps im a little excited that i failed to noticed that price actually making expanded flat on wave 4 purple. if price able to break the high of 80.29, the invalidation would be at 76.23
Komen:
not so confident but i'd give it benefit of the doubt
Komen:
i'm not sure if the third wave of purple has complete or not as it has reached 161 extension. however, i think that one more push to the upside to area of 261 extension as the first wave is leading diagonal in order to complete the third wave. Usually, if wave 1 is diagonal, wave 3 tends to be extended.
Komen:
or maybe area of 200 extension
Komen:
Incase of wave 3 purple already complete,
