still probable we are doing huge wave 4 abc/abcde formation
did we complete the wave 1 and do now wave 2 ? will see. in first case 1 leg more down, in second case a back retrace at least 50% of wave1
imo we are here in wave 4. it is also LDT (leading) possible
will see. But with zero Feds money + Rates hiking this market is predestinated for a further tanking.. so that it makes wave 4 more than realistic
market breaks through main resistance (black-dashed), more downside to expect, before this down move gets corrected.
we entered very probably into wave 3 of 5th. More downside expected
further in bearish mode. Wave 5 in process , probably as EDT formation
through validation line. Looks we started wave 5. Bear market full intact. More discount here to expect.
Bears in full speed here sub3 in prozess. Next week more drop expected till wave is completed.
that gives us more confidence for further drop into local sub3. Only in case of close over validation wave1 line - would mean , thought bear-market trend is broken. have in mind that from next month FED pushes ZERO money in system.. and hiking rates always possible in view of historical high inflation. Those news are killers for this bubble.
nasdaq goes again back. See here zero market impulces even if some stocks trying it too manipulate like aapl/amzn. Fed Zero money politics from March beginning + hiking rates are killers for this bubble. Bear market scenario in classical waves isnt more valid if we cross and stay over validation line of wave 1
For keeping bear-market we mustnt go over wave 1 validation line. market bounced from there hope it stays so. There are no reasons to keep this bubble high. Zero FED money from March + Hiking rates are killer for current crazyness..
we are doing classical speaker formation in sub4_sub3_A.. after we made sub3_sub3_A. we drove little bit over 0,618 of wave sub3_sub3_A back. after completion of sub4_sub3_A i expect drop into sub5_sub3_A and only then make bigger sub4_A wave.
if we did E of abcde flag formation.. good night bulls. at point (b) either bounce huge to X competion,or we completed it with abcde. and now go downto Y
still much place for downside. next WXY formation in process
335 formation which is wxy still possible, we did probably either W or whole abc zick-zack which is the simpliest of corrections. X can go even on top of chart before drops into Y. if correction is already over - then is a long 1 wave body to expect with either EDT in completion or classic
looks we made the 3rd.. and now will make the 4th.., market turns to drop into 4th.
after fake market met ICEBERG it needed some time to stay above water..., someone could escape, someone not. i warned you all.