In this monthly analysis, I've determined the EW pivots based on the way I use the channelling technique.
Observations:
a) In terms of price, Primary wave 5 (green) = Primary wave 1 = 0.382 x Primary wave 1 to 3.
b) In terms of time, Primary wave 5 = Primary wave 1.
In terms of time, the target is March 2017, exactly 8 years after the bottom of the 2008's crash... (8 is a Fibonacci number...)
Scary confluences!
If the current Primary wave 5 confirms to be an ending diagonal, it seems to fit well both price and time targets, and would then complete Cycle wave V (black) and the corresponding Supercycle wave (I).
And if so, the subsequent correction would take us to the end of the fourth wave of one lesser degree, meaning the end of Cycle wave IV (black), which is at 666... and to accomplish that, another Fibonacci number, 5 years.
Observations:
a) In terms of price, Primary wave 5 (green) = Primary wave 1 = 0.382 x Primary wave 1 to 3.
b) In terms of time, Primary wave 5 = Primary wave 1.
In terms of time, the target is March 2017, exactly 8 years after the bottom of the 2008's crash... (8 is a Fibonacci number...)
Scary confluences!
If the current Primary wave 5 confirms to be an ending diagonal, it seems to fit well both price and time targets, and would then complete Cycle wave V (black) and the corresponding Supercycle wave (I).
And if so, the subsequent correction would take us to the end of the fourth wave of one lesser degree, meaning the end of Cycle wave IV (black), which is at 666... and to accomplish that, another Fibonacci number, 5 years.
