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| Daily |
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| 60 Min |
If wave iv is underway, it may be a flat as well with its own wave c approaching the 50 day SMA and may almost be complete near 2000.
Here are the wave c extensions relative to wave a:
c=a at 2020
c=1.618*a
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| Weekly |
Tuesday, October 6, 2015
10/6/15 -
Let us revisit the daily chart and exam the current probabilities.
Off the 5/21/15 high, I count a large a-b-c flat out of the ending diagonal. From there, the 60 min chart highlights the other possibilities for wave c of this flat.
Either we have five waves down to complete wave c of the flat or wave iv of c is underway.
If wave iv is underway, it may be a flat as well with its own wave c approaching the 50 day SMA and may almost be complete near 2000.
Here are the wave c extensions relative to wave a:
c=a at 2020
c=1.618*a
Haven't posted my long term weekly chart in a while. Assuming the flat on the daily chart is complete, it is very possible that wave (4) is complete. The alternate is that wave (a)? of (4) is complete (daily chart).
If wave iv is underway, it may be a flat as well with its own wave c approaching the 50 day SMA and may almost be complete near 2000.
Here are the wave c extensions relative to wave a:
c=a at 2020
c=1.618*a
