I think the assumption that the 152 bottom was C is flawed.
The 152 bottom was wave 3. The correction up to 317 was corrective up to wave 4. The correction was not a standard Zigzag because wave 2 was a Zigzag, rule of alternation. So from 152 to 317 it was a Flat correction. 3-3-5 pattern. The 309 top was A, 210 bottom was B and from 210 to 317 was C. The pudding here is that the rise from 210 to 317 was an impulse, that is how a Flat 3-3-5 pattern looks like. It fooled everyone into believing that the bull market had resumed. Sprinkle with breaking the downward trend line from 1163 and hopium was blinding everyone.
After the 4 top was reached the price immediately resumed falling. We are on wave 2 of 5 down to A!
Minor Wave 1 brought us through the trendline of the 4 correction. Minor wave 2 retested the trendine from below and was rejected. It has since fallen minuette wave 1 and 2 is soon finished correcting upwards.
If this is correct we are extremely close to starting wave 3 of wave 3 down towards 5 and A.
Just look at the pattern from my proposed 4. Everything going down from 4 to Minor 1 = impulse waves, everything going up = corrective.
The bear market is in full swing.
Price targets for 5/A are less than 152, more than 65.
Ive made an image that explains my view in more detail:
https://i.imgur.com/RkzXcY1.jpg
The 152 bottom was wave 3. The correction up to 317 was corrective up to wave 4. The correction was not a standard Zigzag because wave 2 was a Zigzag, rule of alternation. So from 152 to 317 it was a Flat correction. 3-3-5 pattern. The 309 top was A, 210 bottom was B and from 210 to 317 was C. The pudding here is that the rise from 210 to 317 was an impulse, that is how a Flat 3-3-5 pattern looks like. It fooled everyone into believing that the bull market had resumed. Sprinkle with breaking the downward trend line from 1163 and hopium was blinding everyone.
After the 4 top was reached the price immediately resumed falling. We are on wave 2 of 5 down to A!
Minor Wave 1 brought us through the trendline of the 4 correction. Minor wave 2 retested the trendine from below and was rejected. It has since fallen minuette wave 1 and 2 is soon finished correcting upwards.
If this is correct we are extremely close to starting wave 3 of wave 3 down towards 5 and A.
Just look at the pattern from my proposed 4. Everything going down from 4 to Minor 1 = impulse waves, everything going up = corrective.
The bear market is in full swing.
Price targets for 5/A are less than 152, more than 65.
Ive made an image that explains my view in more detail:
https://i.imgur.com/RkzXcY1.jpg
Thank you for this awesome anaylsis, respect !
Could you elbarote more about this please,
Quote
If this is correct we are extremely close to starting wave 3 of wave 3 down towards 5 and A.
Could this be the Historical wave III luc was talking about ?
1163 was Historical I. Master luc propose that his C was Historical II and that we are rising now to Historical III.
Im saying more or less the exact opposite, we are still headed down towards Historical II
