Here is out map of Primary wave 2 to this point. It is unclear if Minor 5 and Primary wave 2 are completed. Now that Primary wave 2 retraced all of Primary wave 1's movement and then some, instead of limiting historical datasets to a ratioed range, I am comparing all similar micro waves where wave 2 moved more than wave 1. Elliott wave theory says wave 2...
Hopefully its time to take another crack at forecasting Primary wave 3 down. Wave 2 started strong and managed to retrace 98% of Primary wave 1 down. I began to have doubts we were in the right place. Still would like a drop below my green trendline here: We finally broke well below the yellow and have created a lower low and lower high. These are early...
With a few more days of data from the last analysis it is time to lay out the next possible paths. The index and markets are very much so overbought. A downturn is coming. No matter what happens this week, December will likely contain the next selloff. Does it continue tomorrow, or can the market find another new high above 4521 first? I will lay these out along...
Let’s recap what was expected from . Based on specific historical wave data for waves ending in 2BC2, Intermediate 2 had quartile retracements of 33.44% (1st quartile), 60.60% (2nd quartile/Median), or 77.87% (3rd quartile). These levels are depicted on PATH TWO in the chart above. Wave 1 ended 2 days after the analysis was posted and the adjusted potential...
If we are in Cycle B, and if it began on October 13, then we are likely in Intermediate wave 2 right now. Intermediate wave 1 would have lasted 13 days and gained 420.21. Right now I have the market in Cycle wave B, Primary A, Intermediate 2, Minor C, Minute 3. A down day on Monday would likely confirm this position. Also, if we are in wave 3 there would likely...
Wave 1 and Wave 3 appear to have settled in trend channels. Will wave 5 do the same? If so, Primary wave 4 should end within the next 3 days.