it's a giant mid-term bulltrap. in other words, it's an upwards correction inside of the longer-term downtrend.
Sure. I understand the premise. I guess we will see.
If that wedge breaks upward or sideways then up, then what do your charts say?
Wave 5 is it?
it won't.
i'm not even using EW, im using the damped oscillator model, and it is increasingly apparent that we are not yet through the aftershocks of the December crash. this is a correction to the downtrend, which will not be complete until one more large capitulation event. then we may start a new trend.
Ok. We if by large capitulation you mean back to 600 or something I might agree. Otherwise, I look forward to revisiting this post.
please do. and no price targets -- that's a secret but a bottoming out with large volume, with a rapid recovery. a cusp.
oh, hello future forumites!
--arepo
Careful windjc... Do you see what he did there? I get the strong suspicion Arepo is starting to sweat!