chessnut's view on the current market conditions?
I am cautious about this count but it is a fair case for a halving bubble. There is a lot of opportunity for ambiguity here.
-snip-
I am not an EW expert but it looks to me like the newest III in the C wave is yet to be confirmed by surpassing I's peak. Only after we get there we can start speculating about this scenario.
This is why he makes the addition that there is plenty of ambiguity. It is a safe count since the triangle broke up and has an impulsive structure making wave-1. Until invalidation, at the wave-1 low (also the E wave, triangle termination), this is considered wave-2 and triangle retest. The ambiguous parts being that triangles can also be nested 1-2's and there is one scenario where the triangle can be the end of a correction and this is an overthrow of a sorts before making a bearish move. I do not think the latter is the case at the moment, so no need for concern, yet.
chessnut's view on the current market conditions?
I am cautious about this count but it is a fair case for a halving bubble. There is a lot of opportunity for ambiguity here.
masterluc believed we are in
historical III which would fit nicely with a halving bubble.
What luc is talking about is a wave-III that would be 5 years, or so, long. A little more grand than a halving rally. What I mean is that it's possible that the halving rally is merely a small part of his proposed wave-III. I do not subscribe to that belief, but would be fine if it did.
