Here is my potential bearish count. After the drop we will face a huggeeee boring period of consolidation... Don't give up guys! We will see another bull season (not yet :) ) Still thinking that 2600 will hold.
Sorry I was a little bit late to post this one, just took a power nap :)
@dacto, This is how i got the 65% drop for the last leg:
2011 - 66% Drop / 29 Days
2014 - 65% Drop / 62 Days
2018 - 65.5% Avg Drop = 1450
dacto
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@surangadesilva, I am still not sure if we should count the 2011 wave as a grand elliott wave.
so do you think that on the big picture we have finished the grand 12345 waves?
I still think that the 20k top was the 3rd big wave...
what's ur opinion??
like this one
surangadesilva
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@dacto, I did this chart long time ago... But i think wave 5 is completed and we may have a triple three in the super cycle as well...
surangadesilva
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@surangadesilva, 12-13k is 0.618 of the drop from 19.6k to 1.4 - 1.8k too!!!