we're at the time in the market where we're going to find out if we've bottomed.
Two options for the market here imo.
See chart for blue vs red.
Two options for the market here imo.
See chart for blue vs red.
Comment:
8 months later and its still not clear if its red or blue pill as we can simply be in that wave right now.
Comment:
1 year later and obviously blue pill scenario was pretty much spot on with price level hitting the exact C target then reversing.
More importantly if the ABC correction turned out to be correct that means theres a strong chance we've started a new 5 waves up. This move from 14,000 being wave 1. That puts big numbers in play like $160,000 market top.
More importantly if the ABC correction turned out to be correct that means theres a strong chance we've started a new 5 waves up. This move from 14,000 being wave 1. That puts big numbers in play like $160,000 market top.