it is "official," i believe wave (5) is underway. because of the "crash" it was difficult to count the waves accurately so i waited for the market to take out wave i which confirms we are no longer in a correction. the correction itself was very wave four in that it retraced the usual 38-50% of wave three.
looking at the first wave of this impulse: wave (1) (circled in pink). it took 67 days to complete.
range was from 412 ---> 778.85; that is 89% increase
usually wave one and five are related and have similar "behavior"
wave (4) low was 2972, so a similar increase in percentage terms for wave (5) is to the 5700 level, about a ~90% increase. that level is also near my target 5794 calculated using a different method. so all point to ~5700 as the end of primary wave 3 (circle).
looking at the first wave of this impulse: wave (1) (circled in pink). it took 67 days to complete.
range was from 412 ---> 778.85; that is 89% increase
usually wave one and five are related and have similar "behavior"
wave (4) low was 2972, so a similar increase in percentage terms for wave (5) is to the 5700 level, about a ~90% increase. that level is also near my target 5794 calculated using a different method. so all point to ~5700 as the end of primary wave 3 (circle).