In grand supercycle I see wave 1 and 2 and three and i have shown the potential targets for future. it does not matter that these forecasts will play out or not but we can see that we are at wave three and i am goin to dive into details in this idea. by the way this mounthly chart of spx since 1970.
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A bigger picture of this triangle
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So in wave 3 of supercycle we have an extension of wave 3
in wave 2 of 3 of supercycle we have a running flat ( a 3-3-5 may be)
in wave 2 of 3 of supercycle we have a running flat ( a 3-3-5 may be)
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this is the primary degree details of wave 5 of cycle degree of wave 3 of supercycle degree, this is the end of wave 3 of wave 3 of grand super cycle
we have a expanded flat in wave 2 and a triangle in wave 4
we have a expanded flat in wave 2 and a triangle in wave 4
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bigger picture of what we have done until now
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In wave 4 of supercycle degree of wave 3 of Grand supercycle degree we have a WXY correction
it is devided by 3-3-3 sub waves
wave w is a zig zag in which wave 2 of it is a expanded flat(3-3-5)
wave x is a simple zig zag
and wave y is zig zag too. but we can see a impulse wave in the C wave of Y wave and it is interesting because the quantity of this impulse wave is like a extended C wave. i do not know whether it is possible or not but i think it was a little bear market. i mean wave C should have sub wave count of 5 but not this big. any how, i think it is a valid count. any criticism is welcomed
it is devided by 3-3-3 sub waves
wave w is a zig zag in which wave 2 of it is a expanded flat(3-3-5)
wave x is a simple zig zag
and wave y is zig zag too. but we can see a impulse wave in the C wave of Y wave and it is interesting because the quantity of this impulse wave is like a extended C wave. i do not know whether it is possible or not but i think it was a little bear market. i mean wave C should have sub wave count of 5 but not this big. any how, i think it is a valid count. any criticism is welcomed
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the bigger picture until now
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Here we have wave 5 of wave 3 of grand supercycle degree
wave 2 retraced to 38.2% of wave 1
wave 5 went as 38.2% as size of start of wave 1 to end of wave 3 at 2936 level
wave 4 retraced to 38.2% of wave 3
wave 2 is a WXY correction and in its X wave we have a expanded flat
wave 4 is a Regular flat
wave 5 is a ending diagonal triangle
wave 2 retraced to 38.2% of wave 1
wave 5 went as 38.2% as size of start of wave 1 to end of wave 3 at 2936 level
wave 4 retraced to 38.2% of wave 3
wave 2 is a WXY correction and in its X wave we have a expanded flat
wave 4 is a Regular flat
wave 5 is a ending diagonal triangle
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the big picture of wave 3 of grand supercycle
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wave 5 of 3 of grand supercycle almost ended at 78.6% size of wave 1 to end of 3 as i drew. it further confirms my count validation
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may be what we dealing with in wave 4 of grand supercycle is a inverted triangle.
why i say that?
because we didn't actually break the black trend line. if we break this line significantly to the upside we could say that wave 5 is started but right now it is more like a triangle
why i say that?
because we didn't actually break the black trend line. if we break this line significantly to the upside we could say that wave 5 is started but right now it is more like a triangle
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i think it would be a expanded flat. as you cab see SPX loves to make expanded flats! i can't see the impulse wave initiation. it is more like a correction.
Lets see what will happen.
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Lets see what will happen.
Please like and share
this is a 3-3-3-3-3 inverted triangle and further confirms that this is a correction