as we get more information about price action our understanding/evolution of our count improves...now things look pretty clear. We have clearly just finished an a-b-c flat correction.
Zooming out to the 1d view (bigger picture) the question becomes...was this most recent impulse up (preceding the flat correciton) the fifth wave of our higher degree wave 1? If so that would mean wave two is likely still in progress for a bigger wxy or wxyz to at least wave 4 territory i.e this small move up was just an x wave.
OR was this most recent impulse wave up a wave 1 of an extended wave 5, which would mean this small wave up was another wave 1 for 1-2 1-2 (possible as wave 2's should get shorter in time 'nesting') Understand? lol it's reall so simple once u've put in 10,000 hours.
if we break below wave c then scenario 1 (would happen in next day or two), if we break above new presumed wave 1 of 1-2 1-2 nesting then scenario 2 and we pick up momentum in our ascent to 500k+ higher higher degree wave 3.
bias: everyone and their mother expecting the head and shoulders to play out so...i favor scenario 2. Nonetheless decision tree matrix is easy to decipher. gluck
Chart currently using 1/3 TSN signing (publishing from a valid account but no signature nor inclusion in a block)...may or may not do so later i.e. officially create a TSN Reference.
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TSN=The Truth Social Network if u been hiding under a rock (the de facto #1 decentralized social network)
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entering wave 4 territory (target box)...it is a bull market u know
@jkjk76115, it's really easy bro. First, 5000 hours on markets and market psychology. Then, 5000 hours on bayesion game theory. Then 5000 hours on micro/macro economics (and failures of keynsianism vs austrian schule). Then 5000 hours on traditional technical analysis/risk assesement. Then read all of Taleb's work. Then Read remniscenses of a stock operator, Reading bar charts, understanding market analysis, etc. Then 5000 hours to elliot wave theory. Then 10,000-100,000 hours dedicated to more specifically the glen neely method of EW.