Hello, this is my first idea, i've been into trading gradually for about 6 months now so bear with me, but have a strong backgound in maths, physics and computer science.
Look at that beautiful symmetry and harmony of the log chart, don't be to picky about my choice of lines, it still works imho. I've drawn a few remarquable lines that seem to fit quite perfectly to the main cycles and Elliot wave theory (with a few exceptions)
I've been worried about the inevitable Elliott wave last leg down to below 3K, well it might not happen. Why ? Because we already dumped enough volume, there's nothing to sell anymore :-)
If you look at the sell volume of the september correction, it would seem that the sell volume was greatly amplified by negative news during the correction, compared to the previous corrections, could that cancel out the last leg ?
Very interesting thanks. Keep posting and I will follow your thoughts and charts. This market has surprised me many times and I've made past C wave calls that have failed. It seems we've only just begun...