ABCDE happens often on a 4 wave between the .382 and .50 fib level.
4 wave can also be an all the way down to .618.
Looking at longterm buys around all these fib levels depending on what outcome happens.
I think gold will do good after my parabolic run-up in stocks
once we start the correction in stocks gold will moon.
Stay healthy and stay profitable <3
Yes it can, but not after a strong move up. The most likely count to fit this pattern is that the point you have labelled (b) is just a mid point in wave 5.
You don't have enough data to provide meaningful analysis.
Diagonals in a bull market have a positive slope.
ABCDE waves are common on 4 wave Impulse.
This also aligns with stocks topping out after another 8-year bullish cycle.
I don't short markets that can also breakout if conditions change.
this is my conjecture on the market.
If they go long here they missed my analysis entirely.