SPX500: EW 4 TGT 2000-1800

Chart says it all.

Kommentar:

Yellow fib is a copy of white fib that only displays relevant levels to show wave 3 ended, i.e., price has reached 1.618 extension of wave 1 (~2001 timeframe).

Purple fib measures from wave 3’s beginning to end to forecast wave 4’s correction.

Peak in 2008 is wave B of 2001’s correction. Wave B corrected more than 100% wave A.

I think wave 4 will happen much quicker and sharper than wave 2.

I think wave 5 will be sharp and happen quickly.

Kommentar:

Potentially ending bull run on a completed wave (an impulse wave 5, impulse sub-wave 5, or as part of a corrective wave B). Has an extended sub-wave 1, corroborated by sub-waves 3 + 5 = .618 length sub-wave 1.

Kommentar: