possible count 
As long as wave (a) is still holding, the count remains valid. Price is currently staying above the 0.618 Fibonacci level (69,150), and the wave structure still looks intact. There is still a possibility for a move toward 72.7K, although it may be quite challenging. A surprise move could happen tonight or tomorrow. What’s certain is that after this, we are likely to face a bearish 5-wave move in wave (c).
- #2,038
- Edited 1:46pm Mar 26, 2026 1:25pm | Edited 1:46pm
- | Joined Mar 2026 | Status: Trader | 301 Posts
Alternatively, wave (b) may have completed at the 0.5 level (71.7K), and we are now experiencing wave (c). Based on the structure of wave (a), which formed a 5-wave move, we expect this current wave to also develop in a 5-wave structure (5,3,5). We are targeting a level around 66-63.6K.
The behavior of wave (b), where it failed to reach the 1.0 Fibonacci target, indicates that investors are in a state of extreme fear. With this sentiment, we can expect the next structure to show weaker counter-trend movement, as investors are anticipating the worst-case scenario.
