We have finished a major wave at 65K and have been correcting ever since. We've corrected in 5 waves as opposed to 3, which is telling me a few things. 1. 5 wave is a leading move so the OVERALL correction is still not over. 2. 5 wave down forms wave A - and its still not might be over, might have a little more downside in it as wave 5 usually equals wave 1 in such scenarios and we are half that - meaning we can easily get to 25K before upside reversal (corrective wave B). 3. After 5 waves down which is the wave A. comes a wave B a corrective wave in the sequence which is then followed by C >>> and now the important part >>> ALL OF THIS CAN TAKE ANOTHER 6-9 MONTHS TO DEVELOP AND PLAY OUT so prepare for a choppy, deceiving price action which will often not have follow throughs.
Good one but if we take into account Stock2Flow model chances are this will play out sooner than anticipated in the chart so that by the end of Q4 the price is back on track with the bull run. Otherwise as PlanB tweeted his model will be invalidated. With this projection are you suggesting that Plan B's model is no longer valid?