Today we took out .618 level at 454 1/4 now we need to see .786 @ 456 3/4 get taken out and close somewhere near the 4.60 level. If this happens , I will be looking for the wave 3 first target of 4.86.
My alternate count would be a finishing b wave looking for a c wave lower back to 440 where wave A will be equal in length to wave C for a zig zag.
both these scenarios call for higher prices and the only thing that would change this count would be a break below the low of 435.00.
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