@kaku2084, That's correct. As I mentioned in the post, the (2) large corrections (2014-2015 & 2017-current) are way too similar, and within the rules of Elliot wave, there is a rule of alternation, which basically means, that wave 1 and 2, are different from 3 and 4. Thus, in my opinion, this cannot be a wave 4 correction.
CryptoKaku
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@just-joe, so fascinating to experience this unfold in real time...
CryptoKaku
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@kaku2084, a popular youtube personality is claiming this bear market will unfold just like 2014-2015 "almost exactly to a tee". I'm not so sure about that.
CryptoKaku
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@kaku2084, I should elaborate - basically he is assuming the recovery will be replicated as well... not just the bear market. The next ATH sometime in 2021.
lrs1995
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I believe cycle level wave 3 is complete and putting in the wave 4 right now
just-joe
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@lrs1995, My recent post about the "ovals" is exactly my point. I believe this is the determining factor of what degree we are in. The market will decide, and we will know soon! (imo)
feej
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Nicely laid out and easy to read. Way to stick with your original analysis and keep updating it as things have evolved these past few weeks. It's been an education just watching this!
just-joe
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@feej, thanks Bud! My hope is that it does offer education, as well as some accuracy!
Yah! the color coding was to correlate with the stochastics....pretty eh?