barrbudo

barrbudo

My overall sentiment is that wave 5 is to come and, if it's not truncated, we will go above the high of wave 3. This is what I said in my previous analysis, but then I was hoping that wave 4 would go as low as 7400, but so far it hasn't and I have adjusted my predictions to a hopeful retest of the 7800 level. This corresponds to 24%, which is a common ratio for...

barrbudo

I believe we are nearing the end of wave 3 and a corrective wave 4 is imminent. As wave 2 heavily corrected to 0.764, I expect wave 4 to correct lightly, but I don't anticipate wave 5 to be particularly long because of how extended wave 3 is. If you agree or disagree, please leave your thoughts in the comment section below.