I've attempted a few of these now, however I believe the counting on this is more precise.
I wanted to find out where we potentially are right now, to indicate when we will enter the bullish run dictated by the yellow assuming we are in wave 2 at the moment of the main wave, and expect 3 to start (3 is the bull run)..
Yellow Waves:
Main waves and largest of degree on this chart, already completed 1 up to the 19000 level, I believe the reason why this wave 2, where we are today, seems to be large is because wave 5 of the red waves of one lesser degree was an extended wave.
Red Waves
Second largest degree on this chart behind yellow. I believe wave 5 was the 19000 level, and since then we have impulsing and correcting towards the yellow 2nd wave of higher degree.
Blue Waves
The smallest degree of waves on this chart, but there would be smaller if we went into finer detail but I don't believe it's needed. These give context to where we are more accurately on a day by day basis. Currently I believe we are finishing the 5th wave and now entering a corrective ABC .
Summary
From this chart, I believe:
- We are currently starting a correction on blue ABC (which will head up the chart, not down)
- We are finishing wave B of a corrective wave and going to start C shortly (which will head up the chart, not down)
- And from the above two bits of data we can hopefully assume wave 2 of yellow will finish shortly and we will enter the bull run of wave 3
I am overly bullish now, assuming we are in Wave 2, B, 5 which all point upwards. Bearing in mind we are also now in the Fibonacci support zone at the bottom of where we need to be.
The MACD and OBC also look like we are due a short term pump upwards, which leads me to the wave C for the blue waves, and A for red waves, which both go up on the chart, will start soon.
All the evidence here points up.
I wanted to find out where we potentially are right now, to indicate when we will enter the bullish run dictated by the yellow assuming we are in wave 2 at the moment of the main wave, and expect 3 to start (3 is the bull run)..
Yellow Waves:
Main waves and largest of degree on this chart, already completed 1 up to the 19000 level, I believe the reason why this wave 2, where we are today, seems to be large is because wave 5 of the red waves of one lesser degree was an extended wave.
Red Waves
Second largest degree on this chart behind yellow. I believe wave 5 was the 19000 level, and since then we have impulsing and correcting towards the yellow 2nd wave of higher degree.
Blue Waves
The smallest degree of waves on this chart, but there would be smaller if we went into finer detail but I don't believe it's needed. These give context to where we are more accurately on a day by day basis. Currently I believe we are finishing the 5th wave and now entering a corrective ABC .
Summary
From this chart, I believe:
- We are currently starting a correction on blue ABC (which will head up the chart, not down)
- We are finishing wave B of a corrective wave and going to start C shortly (which will head up the chart, not down)
- And from the above two bits of data we can hopefully assume wave 2 of yellow will finish shortly and we will enter the bull run of wave 3
I am overly bullish now, assuming we are in Wave 2, B, 5 which all point upwards. Bearing in mind we are also now in the Fibonacci support zone at the bottom of where we need to be.
The MACD and OBC also look like we are due a short term pump upwards, which leads me to the wave C for the blue waves, and A for red waves, which both go up on the chart, will start soon.
All the evidence here points up.