using three points i managed to constuct a prelim channel. this is what i speculate to unfold over the next few weeks. the first and second waves seem to be complete lets see if there is an acceleration upwards as wave 3 unfolds
i should write this on my hand - listen to user100000 ;), thanks for all your TA. do you think after the 5th wave ends there will be a dramtic correction like the corrections after the 2013/14 peak?
user100000
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@funtoo, hi thanks for your support and please do make your own decisions!........... , imo, the (primary four) correction will not be dramatic as the 2013/14 because those were end of cycle waves (cycle I) and we haven't ended the cycle III yet; much too early for that. it should be great environment for traders because of the sideways price action and duration may be 6 months or so similar to the primary wave two. it will be great for active traders but not so much for HODLers during this period
@BobbyBB, hello, i don't know, i try to count the waves as they come. my best guess is the market will top (primary 3) in November (~5800) then we trade sideways until march 2018 (primary 4). I remember my old cycles chart point to the cycle low around early march; sort of the same time duration as primary 2 which was about five months.