As the title suggests. After a plethora of analysis. I believe we are just about to begin the final 5th wave down to complete a WXY complex zig-zag on the grandsupercycle timeframe.
This theory corroborates my other NASDAQ predictions previously posted.
This theory, that we will see multiple legs down and extreme volatility in the coming weeks.
To complete the analysis, there is an incoming dump which will take weedstocks to new lows, APHA included.
Then there will be a rebound of the stock markets over all, and then another leg down.
However, on this next next leg down, APHA will not make a lower low. It will set first higher low.
TLDR: APHA to possibly 0.80 cents USD
ALTERNATE COUNT:
That wave 5 is already complete and there is no final leg down.
I have been coming back to this chart countless times. The one thing that strikes me, is that your extended wave 3 has wave 1 and 4 overlapping. For this reason, I have been considering an alternative count.
I would like to propose that this could be a 3 wave move.
Barkworth
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In the larger picture, this would require revision of the first wave down. That would also have to be a 3 wave move.
On reflection, this would make a series of 5 threes.
Barkworth
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I realise that this looks horrible, however, and perhaps the best hint as to where we are, would be that ABC between March and June this year. That last pattern certainly doesn't look impulsive, and seems to confirm your chart, rather than mine.
Barkworth
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Nah... My whole suggestion is rubbish. The key is in that extended wave 3 down, and there are different ways to count it, where wave 1 and 4 don't overlap.
It is just a though process, isn't it. I think I should be more patient, before posting suggestions...
I would like to propose that this could be a 3 wave move.