NDQ Harmonic Elliott Wave and Hurst's Cyclic Analysis
Overview: let's review the key points of the previous update (September 2nd):
Update:
Analysis of the Structure:
We are starting wave c of (III) of a of 5 of (A). Fib target for wave (III) peak is 16038.89. I also prefer the 18228.95 target for wave (A) peak now.
Analysis of the Cycles:
We got the first 20D cycle trough in the current 40W cycle on September 7th. We are now inside the second 20D cycle of the current 40D cycle.
Summary and the overall path expected:
1. September 20th: 40D/wave (III) peak at 16038.89 (target based on fib and FLD target being overshot).
2. September 25th: 40D/wave (IV) trough at 15800 (this target is just an approximation).
3. October 12th: 80D/wave (V) peak at 16570 (target based on fib and FLD target being overshot).
4. October 20th: 80D/wave b trough at 16400 (this target is just an approximation).
5. December 15th to 30th: 20W/wave c peak at 18228.95 (target based on fib and FLD target being overshot).
6. January 1st to 15th: 20W/wave (B) trough at 17000 (this target is just an approximation).
- 40W trough was formed on August 18th, the bottom for wave 4.
- In wave (III) of a of 5 of (A). Targets for wave (A) peak are 17307.75, 17782.14, 17958.65, and 18228.95.
- Inside the second 40W cycle of the current 18M cycle, we have months of bullishness ahead of us.
- 15813 as the target for the current 40D cycle peak, we would overshoot this target on September 18th.
Update:
Analysis of the Structure:
We are starting wave c of (III) of a of 5 of (A). Fib target for wave (III) peak is 16038.89. I also prefer the 18228.95 target for wave (A) peak now.
Analysis of the Cycles:
We got the first 20D cycle trough in the current 40W cycle on September 7th. We are now inside the second 20D cycle of the current 40D cycle.
Summary and the overall path expected:
1. September 20th: 40D/wave (III) peak at 16038.89 (target based on fib and FLD target being overshot).
2. September 25th: 40D/wave (IV) trough at 15800 (this target is just an approximation).
3. October 12th: 80D/wave (V) peak at 16570 (target based on fib and FLD target being overshot).
4. October 20th: 80D/wave b trough at 16400 (this target is just an approximation).
5. December 15th to 30th: 20W/wave c peak at 18228.95 (target based on fib and FLD target being overshot).
6. January 1st to 15th: 20W/wave (B) trough at 17000 (this target is just an approximation).
