Elliot wave patterns always move in the same specific way. In a 5 wave pattern which will inevitably be followed by an ABC correction. The textbook example of the pattern is shown right below the monthly Dow Jones Chart.
The Dow Jones is a compilation of the top 30 stocks. A crash in the majority of these stocks would rock the global economy in ways that we have never seen. By now you’ve probably been hearing people say here and there that the stock market is a bubble. They’re not the majority, but we saw the same sort of behavior during the Bitcoin rise to $20,000. Which was, of course, a massive bubble. These views should be taken seriously.
Because of the way that the Elliot wave works it is impossible for there to not be a massive ABC correction to follow, which could potentially last for decades.
Your chart is not linear and vastly exaggerates proportions of 90 year chart. The drop from 1929-1932 was 390 > 42 for a 90% decline; but total price changes was -350 over 3 years. We saw more than that yesterday.
In a linear curve, 1929 does not even register; it looks like a flatline with a tiny blip; this is totally disproportionate. It is invalid to draw linear relations in a nonlinear chart; need to use parabolas, or hyperbolas.
In a linear curve, 1929 does not even register; it looks like a flatline with a tiny blip; this is totally disproportionate. It is invalid to draw linear relations in a nonlinear chart; need to use parabolas, or hyperbolas.