We are in a melt up ending
I think this 5 wave patern may be how this will play out. Down a little an then a green week incomming ending in wave 3(of 5) topping out in 4000-4050 ish an then alot of people will load up on shorts to be liquidated with a pump to 42-4300. Then a big correction IMO
I think this 5 wave patern may be how this will play out. Down a little an then a green week incomming ending in wave 3(of 5) topping out in 4000-4050 ish an then alot of people will load up on shorts to be liquidated with a pump to 42-4300. Then a big correction IMO
Then 1-5 wave idea with wave 5 ending zig zag pattern. This corresponding with 1.618 extension of wave a-b of zig zag and we have allready had some time around the 100% extension (around 3810-3830 level) - now we are above and target is 42-4300. Then I think the bear marked will start and take a year or two