With the sideways consolidation and the breaking of the D-4-51MLU, it is likely that this has so far been an extreme d5, hence it will down grade the area shown later by one wave scale. A break below last weeks low will rule this option out.
There is currently no way of confirming either way other than these two confirmations
Normally I dont post this detailed charts but this is an unusual event.
So as I have not done D1 report in the new format I will be using this one instead to monitor d5 and once D1 is confirmed on the deci scale will do wave D2 report.
Daily Trend Channel
The bold upper red line is the W234MLU where prices bounced off.
Assuming D1 complete
The reason for the possible extreme wave scenario which was pointed out in the W5 repost is this break and its wave formation which is detailed below on c012 fork!
deci 5 Channel
Here you can see the possible waves that a new ATH will upgrade to extreme waves.
c345 / c012
As shown on the chart the criteria for confirmation of D1 as is is a break of 2030.44 before a new ATH, leaving D2 ideal wave target as shown on D-401 fork above, and a new ATH means 2030.44 is c2.
Afraid I have no method of telling the difference as prices are at the apex of a triangle! Today's action should clarify!
Please use this report for D1 wave discussion until I have time to do that.