into C.. seems we reached fibo 1 target.. drop C can couse even deeper price area
if we break through black-dashed line.. means we just started bigger 4 wave or even mama of all corrections with started wave A. Be carefull here. in first case of wave 4 retracements are 4265/4039.
after break out in 5th wave over black EDT. We came very close to historical 1,618 extension of wave 1 which is imo dotcom bubble (year 2000). Everything signilising the turn is soon. SOON you can interprete as weeks/months but not years. Market bubble will crash. That is not question of IF, that is question of WHEN.
i mean this must drop. After this local completion. is that completion of bigger 3th of 5th or last 5th of 5th can only time say. But drop is programmed now.
after run over I=V condition spx is about to complete 5th wave in length of I* 1,618, and that in EDT (ending diagonal triangle) formation, which signilising soon trend-change, soon means counted months left. possible making some movings in subIV and subV. Be carefull.
after run over condition I=V, we are completing right now I*1,618 with EDT (ending diagonal triangle) formation. Highest money-risk ever. For bulls never been better timepoint to bring money in safety.
historical time began to count as we arrived at iceberg. Some of bubble stocks like tsla already turned. After wave V we have to expect huge ABC down formation.
now expected some bigger pullback for sub4, and only after that should start sub5 in hysteric bullish wave. still no advise for short position. couse hysteric wave can make many bearish wounds.
Trend-change should happen there. Titanic crossed that Iceberg-line. Very volatil days expected. They will try to bring so many bears out and so many bulls in the market as possible
titanic-market is about to reach the iceberg
of no-return.
in view of decades those 50 points are statistical deviation
Historical points are 3878
titanic should go now in right direction.
was this the turn ? Will see.
fake market has no more power/justifying to stay at cosmic levels.