If we reclaim above 50.2K this will be my primary / most probable count where we still haven't completed wave 1 of bigger wave 5 and are currently in wave 5 (yellow) of 1 (orange) of bigger wave 5 which will end around 59-61K region and will give a retrace towards 40K region where I would expect price to take out that liquidity I mentioned on chart before starting a monster wave 3 towards 120-130K and then retrace for wave 4 towards 80-90K and then last leg up towards 150-160K.
Reason due to which I think this will be most probable if we reclaim above 50.2K is because if you compare wave 2 and wave 4 in yellow then you'll they are almost took same time and also are of almost similar length on log chart.
Reason due to which I think this will be most probable if we reclaim above 50.2K is because if you compare wave 2 and wave 4 in yellow then you'll they are almost took same time and also are of almost similar length on log chart.