I just want to clarify, the pattern since the 152 low isn't a correction as many seem to think. It's a wave (a) of a large multi-year expanding diagonal pattern. This wave will be much more explosive than previous "bubbles" because it is the fifth wave (longest) of an expanding diagonal
I have already projected wave 5/C in one of my old charts and I'm certain the bear market is over. I hope you were able to accumulate during the past several months. This sideways phase will not last much longer.
the b wave correction was deeper and longer in duration but the overall expanding diagonal pattern is still intact.
wave a and wave b taking more time. nothing wrong with it if you ignore the time. the overall pattern is still the same (expanding diagonal)
the basic pattern is correct (expanding diagonal) but the timing is wrong. i don't remember how i chose the time. i didn't know much about how cycles work at the time
at the time, there was no overlap between wave 1 and 4. once that happened it became a diagonal. the market is more predictable now as a diagonal
that was wave 5 of C. I think I was showing the basic impulse wave. of course I had no way of knowing where will it end. I haven't thought of projecting wave 5 at the time. This was something I recently learned about.
at the time, I thought it was a diagonal but the pattern changed
I feel I have improved greatly and learned a lot more about EW and cycles since then.