mikeoakster

mikeoakster

Impulse is done, so here we go for a big fall... How big the fall will be? Well, it depends on what has been completed by the done impulse...

mikeoakster

So... yep, that's it!... (seems like I have to write something more...)

mikeoakster

A triangle for Minute ((b))? I mean, I can't count as motive the wave that made the last low... but maybe it's due to my inability!

mikeoakster

Can be... it's valid... and if so, it's looking strong, maybe too strong to finish above the October's low, making it difficult to keep the triangle projection valid...

mikeoakster

Going for Minute ((c))? Let's see what happens down there.

mikeoakster

A sharp zigzag has probably completed Minute wave ((b)), and if that's the case, then a downwards motive wave has just started for Minute wave ((c)) to complete Minor wave D of the Intermediate triangle wave (B).

mikeoakster

Minuette wave (iv) has enough to be done, hence we could have already started the last wave of the impulse in Minute degree.

mikeoakster

... not my fault... So, seems (to me) that Minute wave ((a)) still needs one more motive wave downwards to get completed. Then, Minute wave ((b)) would follow, breaching the Minute wave ((a))'s channel. And then, Minute wave ((c)) would unfold to complete the zigzag and hence Minor wave D of the Intermediate triangle wave (B). Or not...

mikeoakster

It appears to me the expanding leading diagonal is completed, and if so, it has completed Minute wave ((a)) at the predicted price region (textbook for ELDs). Being that the case, we're on the way for the deep and sharp correction of Minute wave ((b)). It can also be something else!... And of course, this is not a trading advise, it's just an idea! An idea based...

mikeoakster

Intermediate (B) triangle is underway, with its Minor wave D unfolding as a zigzag (as it has to be in this case), which is starting with a leading expanding diagonal for Minute wave ((a)), so, one more push to the downside to complete it (the diagonal), then a sharp and deep correction for Minute wave ((b)), followed by an explosive impulse for Minute wave ((c)),...

mikeoakster

In March 2024, the current crash will bottom and a Cycle wave 3 will start unfolding, sky-rocketing for 19 to 25 years... ... or not... Note: the orange channel's bottom should not be exceeded.

mikeoakster

... or not. Can't count the rise into the ATH as a five.

mikeoakster

Watch out!...

mikeoakster

Or up?

mikeoakster

Prediction: after the ending diagonal is finished (linked idea), we'll see a 3-wave rise to signal more correction to come, and then a zigzag to finish this Cycle degree 2nd wave (flat+ZZ), this way extending the correction both in terms of price and time, so that it becomes equivalent to prior 2nd waves of the same degree.

mikeoakster

An Ending Diagonal to complete the flat at the region of the previous 4th wave of one lesser degree? Or not.

mikeoakster

Yep, extremely strong it has been, but... I'm not seeing an impulsive structure... therefore, I'm now expecting the triple zigzag to end soon, meaning we would be starting to head to new all time highs soon... And if that's the case, I will have to make some changes to the long term count - that is if I survive to the virus...

mikeoakster

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