Every trick in the book has been thrown at the property market in Australia in an effort to prevent it from collapsing, I would say this is also happening in other countries.
Blue Wave 1 started in 2007 and ended in 2009.
Blue Wave 2 started in 2009 and ended in February 2020.
-According to the waves labelled for Wave 2 you can see on the that Wave C was strong.
-You can also see that Wave iii of Wave E was also a strong move on the which confirms this count.
Green Wave 1 represents the start of Blue Wave 3 which occurred from February to March in 2020.
Green Wave 2 appears to have ended on the 29th of December 2020 and a break of 1281 will confirm this as we move into a third-of-a-third wave.
According to AriasWave this count is accurate and a sign of things to come.
One thing I always make a point of is that the news interacts with the waves and not the other way around, therefore trying to pin this on one particular reason is pointless.
There are a myriad of reasons why this is happening, the cycle in interest rates and the cycle in the US Dollar are only 2 of these reasons.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Learning the waves will be the best investment you ever make.
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