From the Grand Supercycle perspective on the monthly chart, we can observe a consistent pattern — every major a-b-c corrective phase has unfolded as a form of flat correction before the next rally. Based on this historical rhythm, and the current market structure, I believe we are still in the process of completing Wave V of the Grand Supercycle.
This long-term view is overlayed on the chart to help contextualize what’s happening now.
Zooming In – The Weekly Breakdown Within Wave IV and V:
Within this broader Grand Supercycle, the weekly chart captures a five-wave subdivision between Supercycle’s Wave IV and the yet-to-be-completed Wave V.
Flat Correction in Play?
For the current move to qualify as a Flat correction:
Depending on the nature of the flat:
Also, as per EW guidelines, Wave c must unfold in 5 waves — which will be the next key structure to monitor.
Where Are We Now?
What Next?
This unfolding Wave c will likely complete Wave IV within the Grand Supercycle, setting the stage for the final upward move — Wave V of both the internal 5-wave structure and the Grand Supercycle itself.
Disclaimer: This is not a buy or sell recommendation. The analysis shared is purely my personal view for educational purposes only.
This long-term view is overlayed on the chart to help contextualize what’s happening now.
Zooming In – The Weekly Breakdown Within Wave IV and V:
Within this broader Grand Supercycle, the weekly chart captures a five-wave subdivision between Supercycle’s Wave IV and the yet-to-be-completed Wave V.
- Wave III has completed after achieving a 100% projection of Wave I from Wave II, respecting classic Fibonacci symmetry.
- After the Wave III high, we’ve entered a correction phase, where sub-wave b is currently unfolding.
Flat Correction in Play?
For the current move to qualify as a Flat correction:
- Wave b must retrace at least 90% of Wave a.
- This requirement is crucial to maintain the “Flat” identity of the structure.
Depending on the nature of the flat:
- If it’s a Regular Flat or Expanding Flat, Wave c must break below the bottom of the rising parallel channel, and end below the low of Wave a.
- If it’s a Running Flat, Wave c can stay above Wave a’s low, and price may remain within or near the channel’s lower boundary.
Also, as per EW guidelines, Wave c must unfold in 5 waves — which will be the next key structure to monitor.
Where Are We Now?
- As long as Wave b is progressing toward 90% retracement, the near-term bias remains bullish.
- But once Wave b completes, the market may enter Wave c, which could result in a deeper correction — either towards the lower end of the channel or even below, depending on which flat structure plays out.
What Next?
This unfolding Wave c will likely complete Wave IV within the Grand Supercycle, setting the stage for the final upward move — Wave V of both the internal 5-wave structure and the Grand Supercycle itself.
Disclaimer: This is not a buy or sell recommendation. The analysis shared is purely my personal view for educational purposes only.
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.