In my previous idea linked below I outlined Wave v (stretched out zig zag in detail) so you can check that out. (related ideas)
The move up since 2009 has been an ending diagonal Wave C.
If you look at the monthly RSI you will see the weakness behind this move.
Wave v cannot be longer than Wave iii which is why this one is close to topping out.
If you zoom in on the waves it becomes clear that these are not 5 wave advances.
Each wave is moving up in three waves. Waves iii and v are stretched out zig zags which is an AriasWave discovery.
Stretched out zig zags are indicative of extreme stimulus, jawboning, low interest rates and mania.
Want to know about interest rates? I have linked that idea below also.
Please LIKE and FOLLOW to get notification of updates and future posts.
The move up since 2009 has been an ending diagonal Wave C.
If you look at the monthly RSI you will see the weakness behind this move.
Wave v cannot be longer than Wave iii which is why this one is close to topping out.
If you zoom in on the waves it becomes clear that these are not 5 wave advances.
Each wave is moving up in three waves. Waves iii and v are stretched out zig zags which is an AriasWave discovery.
Stretched out zig zags are indicative of extreme stimulus, jawboning, low interest rates and mania.
Want to know about interest rates? I have linked that idea below also.
Please LIKE and FOLLOW to get notification of updates and future posts.
