Quote from: SmoothCurves link=topic=812637.msg11645650#msg11645650 date=1434573757
User 100k on Trading View seems to think we're on our way to a $21k ATH. [url
User 100k on Trading View seems to think we're on our way to a $21k ATH. [url
This is an EW-thread, lol
lol yeah... not exactly plausible (in terms of EW
), but I hope he's right We are in an impulse to the upside, (not exactly the size I expected but none the less). Wave ii of this retrace was very shallow, so when wave iii tops, which could be here or fairly higher than here, we can expect a sharp wave iv down before a wave v might take us higher, I couldn't guess how high.
We are right now testing the log downtrend line. If this breaks in style which it sure could it might be time to assume we are going to produce a larger wave B that I have talked about before. Of coarse we will continue to supervise the local count in case of a false breakout and wave ii, but things have potential to become very interesting because of this price action.
We are right now testing the log downtrend line. If this breaks in style which it sure could it might be time to assume we are going to produce a larger wave B that I have talked about before. Of coarse we will continue to supervise the local count in case of a false breakout and wave ii, but things have potential to become very interesting because of this price action.
This, it seems, is where we are now. It could truncate to avoid the log trend line, or it could reach a normal projection, perhaps to around 1670 or so. lets see what happens after that, could get interesting again.