I have come to the conclusion that my earlier prognostications that the bear market ended ~88 last week were premature. I now believe that selloff was a wave 3, and the action since then has been a wave 4.
This suggests that the final wave 5 of the bear market is due. If it follows the expected path, it might take us all the back to ~ 48.
I've been wrong before, so of course I am prepared to change my thinking quickly if the market shows me I am wrong!
This suggests that the final wave 5 of the bear market is due. If it follows the expected path, it might take us all the back to ~ 48.
I've been wrong before, so of course I am prepared to change my thinking quickly if the market shows me I am wrong!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.