After reviewing & obtaining the current wave/subwave position, I then analyze the base to determine the target of the subwave that is currently in correction.
It should start from the end of the old ATH correction. Where it stops. If from the higher timeframe it is very clear that the base is at 74508, but if looked at more closely, the correction wave stops in the 75-76k zone. The difference is quite far, almost 2000 points. But strangely today it touched the minimum 23.6% retracement in my post, which is 103069~
111,980 – (0.236 × 37,472) = 111,980 – 8,838 ≈ 103,142 from the base calculation of 74508.
So if the correction is not finished and still using this approach, then 38.2% = 111,980 – (0.382 × 37,472) = 111,980 – 14,300 ≈ 97,680 while if the base is not at 74508 then the result can vary up to 98 & 99k area also could be at 100200. Maybe it will need to be updated again until the exact base is found,
This is the hustle behind the scene…
