Sep 1, 2022
Short update
On vacation this week so only quick update....
Next week we should see move higher for 5w high which is bearish three weeks lower and probably one week higher. On the other side the market should move higher into 10w high after eight weeks higher and three weeks lower which is bullish. How to satisfy both - expanded flat will fit perfect... this is a very early guess at the moment.
Cycles - this count continues to work so sticking with it.
The expanded flat and the pattern for the C-wave projected from it.
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Nice, thanks alot, have a nice vacation
ReplyDeleteOther possibility is your B in August is only a of B, now b of B around 3700 and then c of B around 4100
ReplyDeleteI know from pattern perspective this will look even better but the cycle high will stretch a lot.... we wait and see what happens
DeleteFrom 17 June to next week or the next one are 12-13 weeks, maybe 20w low instead 10w low?
ReplyDeleteNot very likely, at least one more 5w cycle for 20w low. This is the alternate scenario from previous post.
DeleteThanks Krasi.Have a good holiday.
ReplyDeleteIs it possible that February-march was 40w low?
ReplyDeleteIf you count 18 month cycle low in July 2021.
DeleteWe started the bounce? Continuation for next week?
ReplyDeleteI think it has started... more likely yes 1-2-3 days
DeleteThanks, with dollar pullback everything could go a lot higher than most are thinking. Also, dax double bottom with weekly bull divergence seems like Europe about to get a surprise bid.
DeleteKrasi, what do you think of Bitcoin? Double bottom with bullish divergence, 78% fibo decline from 2020 bottom to 2021 top. Can this be bottoming over a longer time frame?
ReplyDeleteI doubt it... it is b-wave and now c-wave higher.
DeleteAt least one more year for 4 year cycle low. Everything is moving in sync and bitcoin is not an exception.
Krasi..what is 40W and 5w?Could you pls let me know
ReplyDeleteI use it for short description of 40 week cycle, 5 week cycle and so on.
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