You can't see where we are going without knowing what to look for...
EW teaches us that after 5 waves there is a 3 wave correction, and depending on the degree that will tell us how big the correction will be.
We completed a 5 wave structure back in Oct 2018, and now we are making an ABC correction that we are in the midst of. A flat wave is likely based on us making new highs. It's hard to say if this will be an expanded flat, running flat or regular flat (a zigzag is also possible if you have a keen eye). We just have to wait and see. We can simplify it and say the large move down in early 2020 was A wave, then the up move we are in is a of B, soon we will go down in b of B, then up again in c of C then finally down in the C wave to end this correction. This could last until the end of the year or even longer. This is a very simplified approach because if you look at the subwaves, they are hard structures to count exactly but it does make it easier to count and will ultimately give a similar result. I won't go into more detail on this post than this although you can and I have, and some of my earlier posts might have given you some idea.
I think we will still go up for atleast until the end of the month. My prediction for a pullback/correction to end at end February might not be correct, but we will go down soon in a violent (c) of b of B. How far down is anyone's guess but I am guessing atleast 3000. The image is just an example. The next move is down, don't get caught up on the upside, this is a B wave and alot of people are going to get chopped up with the violent moves that are going to come.
EW teaches us that after 5 waves there is a 3 wave correction, and depending on the degree that will tell us how big the correction will be.
We completed a 5 wave structure back in Oct 2018, and now we are making an ABC correction that we are in the midst of. A flat wave is likely based on us making new highs. It's hard to say if this will be an expanded flat, running flat or regular flat (a zigzag is also possible if you have a keen eye). We just have to wait and see. We can simplify it and say the large move down in early 2020 was A wave, then the up move we are in is a of B, soon we will go down in b of B, then up again in c of C then finally down in the C wave to end this correction. This could last until the end of the year or even longer. This is a very simplified approach because if you look at the subwaves, they are hard structures to count exactly but it does make it easier to count and will ultimately give a similar result. I won't go into more detail on this post than this although you can and I have, and some of my earlier posts might have given you some idea.
I think we will still go up for atleast until the end of the month. My prediction for a pullback/correction to end at end February might not be correct, but we will go down soon in a violent (c) of b of B. How far down is anyone's guess but I am guessing atleast 3000. The image is just an example. The next move is down, don't get caught up on the upside, this is a B wave and alot of people are going to get chopped up with the violent moves that are going to come.
Comment:
The above post is a more complex count where we are counting more divisions in the B wave. Another more simple possibility is we could be near the end of the B wave and the next move down is a C wave
