It's still following this Andrews Pitchfork drawn over a month ago, It appears we are in wave 3 of the final wave 5.The Large Yellow target was drawn a long time ago and it appears to be in the right place.
Fibonacci Financial
I draw the line right here
雲ボブ
Fundamentals do not work when the public is deceived by the media. Charts can reveal the truth.
Wednesday, February 7, 2024
Wednesday, January 17, 2024
Thursday, December 21, 2023
21 December 2023
My confidence is being tested. This could turn out to be wave B of 4, meaning that this market would still have some life left in it after a Wave C decline toward 4200. But if you look at the count from 2009, an ABC 4th wave of 5 right here would make wave 4 out of proportion, and almost as long as waves 1,2 and 3..
So as shown below, I think today is Wave 4 of 3 of 5. If the 5th wave is similar to the distance wave 1 traveled, I'm looking for a high of wave 5 somewhere in the area of 5000 to 5800. Either way we appear to be close to a top. What the market does on the way down will determine whether this is an ABC wave 4. or the 5 of 5 of 5 turning point. Starting in 2009 the count below shows the major wave
Starting in 2009 the count above shows the major wave count |
Friday, October 27, 2023
Tuesday, October 3, 2023
Thursday, September 21, 2023
21 September 2023
I don't know any other way to count this. It looks to me like wave 3 has begun. I'm expecting an acceleration to the downside.
Thursday, August 31, 2023
31 August 2023
There is a chance that Wave 2 is complete, but this recent dip may only be Wave 4 of 5 of C of Wave 2. The dotted line at 4189 is the top if wave 1 and the confirmation point.
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