White wave 5 of blue 1 could also be very extended and go up to to $11,500-11,800 zone, which has been the strongest resistance for 3 months now. And then a retracement to $9,000-8,500 (= Fib 0.5 / 0.618 of what you name "blue 1" degree of trend).
We're supposed to have started wave 3 of a higher degree since April 6th. This might very well be surging up from times to times as we've seen these past weeks.
I'm really looking forward to this.
That would be way too easy for investors. I don't think we will see a big surge before wave 3 of 3.
Be greedy when others are fearful!...