user100000

user100000

It is usually the case that wave 3 of an impulse wave marks the lowest (or highest) point on the MACD indicator. This confirms my wave 3 label on the long term chart. You can also see a divergence between waves 3 and wave 5. That is typical behavior. Even though wave 3 occured in Feb (many many months ago) the divergence between 3 and 5 still hold after all these months.

user100000

price action converging. it looks like a contracting leading diagonal for the first wave of 3

user100000

Bear market ends with a truncated 5th wave ending diagonal for wave 5 of C. ABC waves complete Wave 5 is in progress to all time highs+ The minimum wave III (wave 5) target is where wave I = wave III

user100000

WXY correction is over

user100000

this is what i think will happen all the way to end of december i publish this to see how close market will follow

user100000

it looks like a WXYXZ correction because market took out my wave 1 low. wave 2 is over or very close to being over. wave 3 of 3 should be very exciting and vertical

user100000

1st impulse wave (not another x-wave because is a five wave structure) and a correction coming out of wxy

user100000

best guess is wave 2 correction (wxy) may be over. ending with an ending diagonal for wave c of y

user100000

impulse waves should travel within a channel. this helped me rearrange some labels to make a better fit

user100000

wave 1 of 3 is done. you can see divergence between wave 3 and wave 5 macd at highest point at wave 3 usually i corrected some labels. it makes better sense now i guess very confusing pattern, but im sure wave 1 is over

user100000

the most powerful wave wave 3 of 3!

user100000

did you notice the difference between wave 1 of our current wave and the old wave 1 of 1 23 vs 8.... this tells you something!

user100000

we had a wxy correction. very deep retrace of wave 1

user100000

note the divergence between wave 3 and 5

user100000

I guess wave 2 was not over. seems to be developing another abc correction (wxy)

user100000

i went back in time to january to confirm if wave 1 and 2 on the long term chart actually do make sense and not just hoping the labels are correct without looking closely at the wave structure. i was able to get 2hr tf max, but it was enough to see the wave structure as you can see, it is a leading diagonal. the market is telling us it is wave 1 of C. wave 2...

user100000

I believe we are in early stages of wave 3 because of two impulse waves down then up. back to back... means new wave developing

user100000

i think it's done. all waves are "in" a..b..c..