Waves within Waves on the Bearish Move
Wave sizes from largest to smallest:
Maroon
Red
Blue
Black
Red
Purple - ABC on an upward correction.
Gaps being tagged on the way down. Look for two more gaps as the Red Wave plays out. Support levels acting as resistance on the medium and small wave 4s.
2022 correction has been a WXYXZ with smaller ABCs on each leg of the WXYXZ, and the final Z move would target the bottom trend line while having a nicely structured 12345 wave of its own. I could add another layer of complexity with some Fib levels which would further validate all of this structure.
I am not calling any timing or exact levels, I am just pointing...
We have the left shoulder, the head, and heading down to the right shoulder neckline right now. An alternative wave count to my previous posting allows 12345 to finish down to the neck line forming a sub ABC, then the right shoulder should form on that wave B up. Then if we measure from the head to the neckline and extrapolate the measured move we are pointing...
We have the left shoulder, the head, and heading down to the right shoulder neckline right now. The right shoulder should form on a wave 4 up on this recent 12345 decline. Then if we measure from the head to the neckline and extrapolate the measured move we are pointing toward 3000. I am not calling any timing or exact levels, I am just pointing out the pattern...
4-5 Month ABC about to complete. We are on leg C which is typically a 12345 EW of the big ABC zig-zag. We have 1 and 2 (maroon) and it looks like a smaller 1 and 2 (red) on the 3 (maroon). Finishing targets are the horizontal lines of both purple boxes, i.e. C=A or C = 1.23A or C=1.38A or C=1.62A.
If we consider the structure of the 12345 so far and extrapolate...
