So we might be in the early stages of a bubble, but if the market breaks below $7,466 then we're going to the $700s? Quite a binary situation! 
I'm still watching this triangle scenario. With wave (d) possibly complete now, $5,500-$7K could be next for wave (e).
I'm still watching this triangle scenario. With wave (d) possibly complete now, $5,500-$7K could be next for wave (e).
One more leg up it seems to complete you d
Been looking at it closely and I think there is at least a 30% chance it is one of the outcomes
Each of the waves (a, b, c and now d) look like 3 wave structures (a-b-c)
The coming weeks will tell us more.
OP
I love your thread!
I lurk here way too often and I appreciate you putting your thoughts out for the public. Thank you!
PS: THIS CHART IS NOT AN INDICATOR OF TIME, ONLY DIRECTION.
1. Consolidation
2. Into a pattern
3. At a place of resistance
4. Next is a break out
5. Question is what direction in
a the short term
b the medium term
a
b
