MY Long-term Elliott Wave count expectation for OTHERS dominance
There is a diagonal structure in the larger picture, forming in a 3-3-3-3-3 pattern.
I believe the C wave of the larger Wave 4 correction is currently unfolding.
The macro C correction is also forming an ending diagonal with a 5-3-5-3-5 structure.
We are currently in the 5th wave of the final 5-wave impulse. Within this 5th wave, there is another 5-wave sub-impulse unfolding. I believe we are now inside the 5th wave of that sub-impulse as well. This wave is expected to complete a final 5-wave structure and drive the price down toward my target level of around 6% dominance. I anticipate this structure to be completed approximately by May 20. After that, the macro 5th wave should begin, which is likely to signal a strong upward movement.
I believe the C wave of the larger Wave 4 correction is currently unfolding.
The macro C correction is also forming an ending diagonal with a 5-3-5-3-5 structure.
We are currently in the 5th wave of the final 5-wave impulse. Within this 5th wave, there is another 5-wave sub-impulse unfolding. I believe we are now inside the 5th wave of that sub-impulse as well. This wave is expected to complete a final 5-wave structure and drive the price down toward my target level of around 6% dominance. I anticipate this structure to be completed approximately by May 20. After that, the macro 5th wave should begin, which is likely to signal a strong upward movement.
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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.