good morning,
---
what if i told you right now,
that the stock market was about to enter into a 50 year correction?
you'd probably dismiss it right away and go about your day,
and that's natural,
i get it.
---
i'm not here to appease to your overall bias -
in fact, i am here to directly oppose it.
---
what i'm bringing to you today,
is the idea of the completion of the primary third wave in the stock market.
>if one looks at the yearly picture, one will notice a bearish divergence between the intermediate 3rd and 5th wave, of the primary degree wave (3).
>this is highly indicative that the wave has indeed been completed.
---
i am estimating that the 4th wave takes roughly 50 years to complete, and i theorize that it has begun as of the recent top in 2022.
the original author of this idea was robert pretcher (the writer of elliott wave theory principle),
this idea was initially introduced to me by my mentor, bitdoctor a few years back.
it has lingered in my mind through out the years, it has haunted me every single day as i have been looking for ways to confirm or find a way to invalidate it.
as of today, i believe i have the necessary data to prove their original theory to be in fact, true.
---
>this doesn't mean that we can't make a new high, in fact that is not what i'm trying to say here at all.
>what i'm simply stating here, is that there's an extremely high probability that the stock market is going to move sideways for the next 50 years.
>i might even be early a few years here, so please don't use this idea as any kind of financial advice, because quite frankly - it is very far from it.
---
the minimum downside target for the macro fourth wave,
is the previous degree wave 4 territory,
which in this case sits between:
$7,000 -12,000.
🍒
---
what if i told you right now,
that the stock market was about to enter into a 50 year correction?
you'd probably dismiss it right away and go about your day,
and that's natural,
i get it.
---
i'm not here to appease to your overall bias -
in fact, i am here to directly oppose it.
---
what i'm bringing to you today,
is the idea of the completion of the primary third wave in the stock market.
>if one looks at the yearly picture, one will notice a bearish divergence between the intermediate 3rd and 5th wave, of the primary degree wave (3).
>this is highly indicative that the wave has indeed been completed.
---
i am estimating that the 4th wave takes roughly 50 years to complete, and i theorize that it has begun as of the recent top in 2022.
the original author of this idea was robert pretcher (the writer of elliott wave theory principle),
this idea was initially introduced to me by my mentor, bitdoctor a few years back.
it has lingered in my mind through out the years, it has haunted me every single day as i have been looking for ways to confirm or find a way to invalidate it.
as of today, i believe i have the necessary data to prove their original theory to be in fact, true.
---
>this doesn't mean that we can't make a new high, in fact that is not what i'm trying to say here at all.
>what i'm simply stating here, is that there's an extremely high probability that the stock market is going to move sideways for the next 50 years.
>i might even be early a few years here, so please don't use this idea as any kind of financial advice, because quite frankly - it is very far from it.
---
the minimum downside target for the macro fourth wave,
is the previous degree wave 4 territory,
which in this case sits between:
$7,000 -12,000.
🍒
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.
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.