Oct 31, 2026

Update

The b/2 wave was completed this week and c/3 is close to completition too. For completed pattern we should see one more decline and if it occurs the trend lines and 1.618 extension will be reached - this is the logical target.
From cycle perspective 1-2 days decline and retracement makes perfect sense too.
The 20w cycles has so far two cycles with length month and a half exactly between 5w and 10w cycle... maybe it will divide in three shorter cycles instead of 2x10w cycles?
The bigger picture - the action will be next year. I am not sure if we will see higher high or not in January/early February for the next 40w high.
Take a look at the previous high - the current price action is nothing different.

Oct 24, 2026

Update

Higher for a few days followed by lower low. I guess bounce from the neckline of this H&S and continuation lower, alternate bigger corrective wave b/2.
Overall expecting decline in November into 20w low.