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.
Tuesday, May 6, 2025
6 May 2025
If I'm right this Wave 2 upward correction should finish within the next day or two. Look at previous posts to see a wider count.
Friday, April 25, 2025
25 April 2025
I might be wrong, but this sure does look like a classic Elliot Wave correction. The yellow line is the bottom of an Andrews Pitchfork originating on 3/23/2020. The solid Blue line is a trendline originating from the peak of 6166.5 on 2/19/2025. If my count is correct we are about to finish wave 2 and begin wave 3.
While there is heavy at support 4600 I believe Wave 3 could end more than 1000 points lower than that.
Thursday, April 24, 2025
24 April 2025
If I'm right, wave 2 is about to complete, then wave (3) should kick in and take the market to below 4600
Friday, April 18, 2025
Thursday, March 20, 2025
Saturday, January 11, 2025
11 January 2025
The timing lines are gathered here, and the 5th wave target has been met. The losses over the past few weeks could be a 4th wave correction or the beginning of a substantial market collapse. Either way it looks like the end of this bull market is very close at hand. The bold yellow line is the top of wave 1. Breaking the top of wave 1 would be a confirmation. Volume does not indicate to me that this downward move is over, but the price sits right on the bottom of the Andrews Pitchfork which would normally offer support. I'm looking forward to next week for answers.
Thursday, November 7, 2024
7 November 2024
I have used this method of triangulation (Blue lines) for many years. It's proven to be pretty accurate, the Green lines indicate previous triangulations. It's not always accurate, but it has a good record, and it's not often that so many focus on such a narrow time. On top of that the Elliot Wave count shown here indicates the end of a long line of bullish waves, all culminating at about the same area. I find it interesting that it also coincides with the new government.
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