This chart shows a long-term market analysis using Elliott Wave Theory, suggesting the market is currently in Wave 4 and preparing for a big Wave 5 rally.
📈 Past yearly moves averaged 15–21%, with 30%+ currently and up to 66% historically.
🟩 A "rebalance" zone (accumulation phase) is forming before a possible breakout.
📊 The next move projects a +60% rally, targeting 7,112 to 7,570.
🔁 Historical patterns and past rallies are being used to support this bullish forecast.
Bottom line: If history repeats, a strong upward move is expected soon.
📈 Past yearly moves averaged 15–21%, with 30%+ currently and up to 66% historically.
🟩 A "rebalance" zone (accumulation phase) is forming before a possible breakout.
📊 The next move projects a +60% rally, targeting 7,112 to 7,570.
🔁 Historical patterns and past rallies are being used to support this bullish forecast.
Bottom line: If history repeats, a strong upward move is expected soon.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.