Breaking Down CBI Wave 3

Currently CBI has just begun the important wave 3. Based on the statistics observed during the current overall Grand Supercycle Wave (white roman numerals), our current wave 3 will most likely end around 31.41 around the end of August 2018.

This will provide massive gains if buying stock and even larger ones with call options.

The solid yellow lines represent the average levels observed throughout the Grand Supercycle. The average Fibonacci Extension from Wave 1 is 105.78% which is move to at least 22.66. The average days observed for a wave 3 coincides with the end of August 2018. The median Extension is 177%, and 176.4% is a Fibonacci number so this area is why I believe the movement should go at least here by the end of August.

I have arrived at the solid red lines when the standard deviation is applied (added) to the average of the days elapsed and Fibonacci Extension percentages.
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Elliott Wave Ideas
Twitter: @chrisguthrieusa
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