A triangle for Minute ((b))? I mean, I can't count as motive the wave that made the last low... but maybe it's due to my inability!
Can be... it's valid... and if so, it's looking strong, maybe too strong to finish above the October's low, making it difficult to keep the triangle projection valid...
A sharp zigzag has probably completed Minute wave ((b)), and if that's the case, then a downwards motive wave has just started for Minute wave ((c)) to complete Minor wave D of the Intermediate triangle wave (B).
Minuette wave (iv) has enough to be done, hence we could have already started the last wave of the impulse in Minute degree.
... not my fault... So, seems (to me) that Minute wave ((a)) still needs one more motive wave downwards to get completed. Then, Minute wave ((b)) would follow, breaching the Minute wave ((a))'s channel. And then, Minute wave ((c)) would unfold to complete the zigzag and hence Minor wave D of the Intermediate triangle wave (B). Or not...
It appears to me the expanding leading diagonal is completed, and if so, it has completed Minute wave ((a)) at the predicted price region (textbook for ELDs). Being that the case, we're on the way for the deep and sharp correction of Minute wave ((b)). It can also be something else!... And of course, this is not a trading advise, it's just an idea! An idea based...
Intermediate (B) triangle is underway, with its Minor wave D unfolding as a zigzag (as it has to be in this case), which is starting with a leading expanding diagonal for Minute wave ((a)), so, one more push to the downside to complete it (the diagonal), then a sharp and deep correction for Minute wave ((b)), followed by an explosive impulse for Minute wave ((c)),...
In March 2024, the current crash will bottom and a Cycle wave 3 will start unfolding, sky-rocketing for 19 to 25 years... ... or not... Note: the orange channel's bottom should not be exceeded.
Prediction: after the ending diagonal is finished (linked idea), we'll see a 3-wave rise to signal more correction to come, and then a zigzag to finish this Cycle degree 2nd wave (flat+ZZ), this way extending the correction both in terms of price and time, so that it becomes equivalent to prior 2nd waves of the same degree.
An Ending Diagonal to complete the flat at the region of the previous 4th wave of one lesser degree? Or not.
Yep, extremely strong it has been, but... I'm not seeing an impulsive structure... therefore, I'm now expecting the triple zigzag to end soon, meaning we would be starting to head to new all time highs soon... And if that's the case, I will have to make some changes to the long term count - that is if I survive to the virus...
My prediction from Dec 29, 2018 (linked idea) can now be reinforced with a finished wave B. Note: since then, I've only changed the degree labeling. So let's see if a crash does happen and the big flat's wave C unfolds. Target: well, it depends on what type of flat is formed. I'm betting on the running flat because it happened in the past with the 2nd waves of...