In the previous analysis we reached our targets and even beyond but one thing was missing:
Wave counting.
Today, waves and possible scenarios are very clear. Stay with me and I'll go over them one by one.
Scenario One: Leading Diagonal
In this scenario, SUI will rise even beyond the current highs. Overlaps of the waves are necessary and normal. The difference is the wave counting inside. In this scenario, inner waves must be going in harmony. Also, moves will take longer time and it will kinda be boring. In the end, you will see SUI close to $2.
Scenario Two: Directional Double Zigzag (Also known as Diametric, some named differently)
In this case, wave counting changes. Sub waves are way more complex and different but the result is pretty much the same. Neo Waves Theory has very strict rules so I hope it won't end up something like this since it's way harder to count.
Scenario Three: Classic Complex Correction
When you open weekly chart, what you see is a big correction. SUI was going down in a way larger degree than it is right now. It means, if that movement is ended (it did), we're more likely to see a correction afterwards. This correction must include multiple ABC corrections ...