The primary count is that Minor 2 of Intermediate (3) is playing out. This could take some time. Minor 1 of (3) took about 41 trading days. Therefore Minor 2 could take some time for instance 21 trading days would be an example.
However, the important thing is that Minor 2 has the right “look”. An [a]-[b]-[c] pattern of some sort. Part of the right look is having the right price (and time).
The blue box is the target box. It looks about right and I do expect prices to go above Minute [iv] peak of Minor 1 down. Another touch of the 50 DMA perhap.
