Long Term BiasJust having fun with it but based on the chart momentum and structure I am interested in this pair and its dirty range on the daily time frame lol. Look at the head and shoulder created causing the second shoulder to be in a range so sexy lol. don't let this chart trick you all get in with some momentum.
2033
S&P Possible Major Correction to $0 (Seriously)Elliot wave analysis showing the market is currently at the top. With the current state of affairs in the world, and the fact that wave 2 can retrace 100%, this leaves open a very good possibility of a total market collapse that still conforms to Elliott rules. On a large scale, we are entering a wave 2 correction. The standard correction can be expected to last 10 years like the previous cycles. However, if the correction ends up being a combination, and the world has continued on its current path, panic will quickly set in and all the fun will be over by 2033.