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I've plotted the movements of 2014 and 2015 to what happened in 2018 and up to now (end of May 2019). It seems we moved through these highs and lows much faster than in 2014.

I think at the moment we are completing a leading diagonal which can take us up to 9500ish ... maybe this weekend. After that I do expect a 40% correction in price consistent with what happened in 2015, right after the first wave up ... so this brings us to roughly 5400 to 57XX territory.

Good luck.

Do not use this info for investment, trading, financial decisions. For educational purposes only.

Comment:

You will see after hitting that peak of 9.1k, we started correcting. EXACTLY like 2015. In 2015 we essentially had a 40% drop in price. This represents a 0.618 fib retracement, which would take us to around 5400 to 6000 territory.

In my opinion, this doesn't mean the bull cycle is broken ... we just need a healthy correction to continue the stride up. So I'm thinking we go down ... and I think we will hit somewhere between 5400 and 6400 ... then we go up to somewhere between 10k and 12k. Could be wrong ... but the fractal says this is possible.

Do not use this info for investment, trading, financial decisions, For educational purposes only.

Comment:

Doesn't look like sub-wave 4 corrected as much as that fractal would indicate. We are now forming sub-wave 5 to complete the first impulse wave up from 3200 level. We do need a correction soon. The fractal would suggest we are at around the 15 Dec 2015 mark.