In the "decisions decisions" chart we saw how the last wave on the upside was truncated as I expected and we are seeing an impulsive continuation on the downside, we already saw how strong the dump was. Can the same strenght continue to new lows? I think not, since our wave 3 was so fast and exhausting for the market. But then again make up your own mind and don't listen to me.
The drawing is pretty fucked up but you get the idea, the wedge should be more compressed as you can see anyway. I'm not expecting a double dip at 180 as pointed in the chart, I'm just trying to picture an abc correction on the upside, was pretty stoned when did this. The idea is that first we will challenge the wedge, and then range in the channel.
180 could alraeady be a very low target in my opinion.
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ChartArt
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Very good chart idea, I have something similar in my mind.