Jesus! I cant believe this is the 6ht update on this Sh*T! this market is becoming so boring and I can't believe it has not crash yet! I have some big short position on this so I am watching this non stop. this is the last count. there are 3 possibles as I explained in my previous post. 1- a triangle and the wave 5 and then crash 2- crash 3- another uptrend extension!!!!(can't even imagine this as an option!)
I am going for the triangle option as I am not 100% sure about the last wave, I can not confirm 100% is the wave 5 is over or not
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It seems that the triangle Idea gonna be correct, wait for the breakout to confirm it
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in case anyone wants to trade this pattern this is the setup
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so , wave 5 now !
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the wave count is complete now, complete 5 way, I am expecting the market to crash at some point
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this is the 2day chart, will it crash just around the all time high?
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the market is not moving at all! I was expecting to see an uptrend for wave 5. in case it dose not move and crashes this will be the possible wave count an ending diagonal for wave 5. I am NOT 100% sure yet as it is not moving to waves to unfold. I am giving you a option
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The fact that we broke the D wave it proves the ending triangle idea we had before. The market is downtrend until I see a reversal sign. How far will it go? There are 3 targets but I need to see a 3rd wave starting first
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The ideal.target will be where the triangle started but we need to break the d wave of the daily triangle first . So my first target is the d wave of the triangle This is the daily chart
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If it breaks the invalidation I will stop counting bearish until I see another signal I am also not buying this as all the indicators show divergence
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The bigger trendline is at the fibi ratio So I am expecting the price to get there
I think that it will crash just around the all-time high. Maybe it doesn't even reach it. If it surpasses it, there could be volatility up until 3448 or even 3500, but it's highly improbable.
Analyticssage
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@alexinve, I hope so !!! this market is my main challenge now. I have a big short position on this , cant wait for it to crash