i have two prelim targets for the end of wave a of 5 depending on where (iv) ends (it might need updating). a more conservative target is 306 which is where wave fives more commonly end (61.8% of 1~3). i have another target of 324 if wave (v) extends 100% of (1~3). i like 324 because it's close to the ideal 320 target and has the right look ending near the ((i)) to ((iii)) connecting line but not actually touching
Thanks for this. Hope we can reach 320 within 24 hrs so maybe we can make some headway towards the ATH this month.
user100000
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sadly, i don't believe there is enough time for an all time high this month. a more realistic target is 408 which ends the wave (1) expanding leading diagonal some time around march 27. we have to wait for wave (3) for the price action to go parabolic
rivet.popper
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When does wave (3) begin?
user100000
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after the wave (2) correction ends. wave (2) may take 1/3 of the time it took to form the expanding diagonal (from 166 to ~ 408)
rivet.popper
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So we're talking this summer for an ATH? Sweet!
user100000
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ATH is not even a concern. the expanding diagonal pattern requires wave 5 to take out the ATH and reach minimum target of 1250 if i remember correctly. im more focused on 4800 target and how we get there