I love Economics, but what I've seen over the years – it was a bubble blowing, a cycle. Now there are a lot of offers to invest in shares of companies, my vision, you need to run from the market! The whole market is overbought, and if everyone is already talking about stocks as the best investment at the moment, be careful. These are shouts from which you need to be protected and to keep a cool head.
I have a training schedule explaining the speed of information dissemination.
In addition to this, I know that one of the most important theories in the financial markets is the theory, which I showed on the chart. If the schedule really comes true, we will see a new financial crisis over the next 3-5 years.
The largest banks JPMorgan, Goldman Sachs, Fidelity and financial institutions are already preparing platforms, platforms in order to integrate even more into the digital economy with digital money in the form of cryptocurrencies.
Between 00-08 it was a flat correction with ABC pattern (wave 2 of the cycle), the wave B always move opposite the corrective trend direction and consist of 3 waves(ABC) and Not 5 waves like at your chart.
Now, I guess we start a corrective wave 4 of the cycle => one kind of zigzag correction patterns (due to the alteration between corrective waves) and with invalidation zone bellow 1500-1600 points and.
P.s. If you want I will draw you what I mean.
Best Regards, Slava Sh.- Israeli financial analyst and Tel-Aviv stock exchange trader with 8+ years experience.