Only time shows the caliber of an analyst ad his analysis..!
I published this analysis on April 24, 2022(private post). Now decided to release it for everyone..!
There are five types of corrective patterns:
• Zigzag (5-3-5)
• Flat (3-3-5)
• Triangle (3-3-3-3-3)
• Double three: A combination of two corrective patterns above
• Triple three: A combination of three corrective patterns above
Zig-Zag:
Guidelines
• Zigzag is a corrective 3 waves structure labeled as ABC
• Subdivision of waves A and C is 5 waves, either impulse or diagonal
• Wave B can be any corrective structure
• Zigzag is a 5-3-5 structure
Fibonacci Ratio Relationship
• Wave B = 50%, 61.8%, 76.4% or 85.4% of wave A
• Wave C = 61.8%, 100%, or 123.6% of wave A
• If wave C = 161.8% of wave A, wave C can be wave 3 of a 5 waves impulse. Thus, one way to label between ABC and impulse is whether the third swing has extension or not
Observation:
1- The first corrective wave had 5 subdivisions (checkmark)
2- Wave B fulfilled the 3 subdivision rule and 76.4% of wave A (2 Checkmarks)
Forecast of the Wave C:
3 possible scenarios:
1- 61.8% of wave A: 418 (Least likely to be the case)
2- 100% of wave A: 390 by mid-May (more likely to happen)
3- 123% of wave A: 375 by early June (Most Likely to happen)
Notes:
-Crossing below 348 will change the counting if happen and SPY could go down more..!
Additional points:
I think we are at the beginning of wave 3 which could be fast and furious..!
Best,
Dr. Moshkelgosha M.D
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
There are five types of corrective patterns:
• Zigzag (5-3-5)
• Flat (3-3-5)
• Triangle (3-3-3-3-3)
• Double three: A combination of two corrective patterns above
• Triple three: A combination of three corrective patterns above
Zig-Zag:
Guidelines
• Zigzag is a corrective 3 waves structure labeled as ABC
• Subdivision of waves A and C is 5 waves, either impulse or diagonal
• Wave B can be any corrective structure
• Zigzag is a 5-3-5 structure
Fibonacci Ratio Relationship
• Wave B = 50%, 61.8%, 76.4% or 85.4% of wave A
• Wave C = 61.8%, 100%, or 123.6% of wave A
• If wave C = 161.8% of wave A, wave C can be wave 3 of a 5 waves impulse. Thus, one way to label between ABC and impulse is whether the third swing has extension or not
Observation:
1- The first corrective wave had 5 subdivisions (checkmark)
2- Wave B fulfilled the 3 subdivision rule and 76.4% of wave A (2 Checkmarks)
Forecast of the Wave C:
3 possible scenarios:
1- 61.8% of wave A: 418 (Least likely to be the case)
2- 100% of wave A: 390 by mid-May (more likely to happen)
3- 123% of wave A: 375 by early June (Most Likely to happen)
Notes:
-Crossing below 348 will change the counting if happen and SPY could go down more..!
Additional points:
I think we are at the beginning of wave 3 which could be fast and furious..!
Best,
Dr. Moshkelgosha M.D
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
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