I've been trying to work on my waves cycles with the hopes of getting more accurate predictions of price movement. I have created several of these charts as private ideas but I've decided to start sharing some of them publicly. Obviously, predicting price movements even with Elliott wave theory is kind of like a shot in the dark so I don't expect these lines to match up with price perfectly (at least not yet!).
Since this is somewhat tongue-in-cheek I am not going to focus on and in-depth analysis of price movement feel free to refer to the chart or make any comments if you are curious about what my thoughts. (if you are wondering why I am using impulse waves for a correction it its simply because i believe this is a 5-3-5 ABC correction of the larger move - feel free to zoom out to see wave count for the larger cycle).
Since this is somewhat tongue-in-cheek I am not going to focus on and in-depth analysis of price movement feel free to refer to the chart or make any comments if you are curious about what my thoughts. (if you are wondering why I am using impulse waves for a correction it its simply because i believe this is a 5-3-5 ABC correction of the larger move - feel free to zoom out to see wave count for the larger cycle).
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boom. wave three completed and now probably a slow wave 5 sell-off for the rest of the week
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updated chart for possible ABC correction:
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Targets still roughly the same but adjusted fibs
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Getting there...
