So, Im hoping that this is the position we are in now.
Completing the C leg of the correction of a wave 4. The 3rd and 4th leg of the super cycle make a perfect Elliot wave... its a thing of beauty.
The C leg has hit the 0.618 of the A leg and could go on from here but if it makes an equal measured move then around 42k we would hope to see the start of a wave 5.
So, I wouldn't panic here.... good things are ahead I feel.
Any alternate points of view ??? Im always looking to test my bias incase I have rose coloured specs on.
Completing the C leg of the correction of a wave 4. The 3rd and 4th leg of the super cycle make a perfect Elliot wave... its a thing of beauty.
The C leg has hit the 0.618 of the A leg and could go on from here but if it makes an equal measured move then around 42k we would hope to see the start of a wave 5.
So, I wouldn't panic here.... good things are ahead I feel.
Any alternate points of view ??? Im always looking to test my bias incase I have rose coloured specs on.
The Bearish is that we break below 41.7k and all bets are off.