The data has been all over the place with the volatility.
Are we in Intermediate wave 5? I think so
Are we in Minor wave 2? I thought so, but the wave cycles were not clean.
Are we in Minor wave 1? This is my thought today.
If we really are in Minor wave 1, I assess we are at the end of it. The shock drop the other day on President Trump's tweet would make for a Minuette 4 instead of any larger wave. I assess this to be the case because it was took sharp and quick to have been a larger wave. With that said I am projecting the potential end of Minor wave 1 this morning. I have indicating the rough timeframe with the vertical dashed white line.
I have placed 4 potential reversal levels and the reasoning behind each level. The top level was an original top, but I do not see a solid reason for this to be the resistance as of now.
Sit back and enjoy. Projecting drop today through tomorrow?
Are we in Intermediate wave 5? I think so
Are we in Minor wave 2? I thought so, but the wave cycles were not clean.
Are we in Minor wave 1? This is my thought today.
If we really are in Minor wave 1, I assess we are at the end of it. The shock drop the other day on President Trump's tweet would make for a Minuette 4 instead of any larger wave. I assess this to be the case because it was took sharp and quick to have been a larger wave. With that said I am projecting the potential end of Minor wave 1 this morning. I have indicating the rough timeframe with the vertical dashed white line.
I have placed 4 potential reversal levels and the reasoning behind each level. The top level was an original top, but I do not see a solid reason for this to be the resistance as of now.
Sit back and enjoy. Projecting drop today through tomorrow?
All forecasts are based on analysis of past behavior. Prior movements are not always indicative of future movement. Develop the theory, test the theory. Do your own research. Nothing in this analysis constitutes advice. YouTube For More. Good luck!!
