Post
Topic
Board Speculation
Merits 5 from 1 user
Re: 2024 Elliott Wave
by
xxxx123abcxxxx
on 05/12/2024, 15:15:32 UTC
⭐ Merited by hisslyness (5)
Thanks for the quick reply...

I was more wondering how you would see the entire EW cycle play out.... will we pull back from 114k or do we keep marching up and how far, are you still projecting a top of 379k for this cycle?

As per the following chart, there are a number of potential Fibonacci-based zones where there could be a potential interim top, prior to $114,000.

Depending upon the count, whether either impulsive or corrective, there could be a pullback of either -20% or -40% respectively.

As for the grand top, unknown yet, will need more waves to unfold to begin estimating.
The $379,000 figure is assuming PRIMARY[5] equals PRIMARY[3] wave; however, PRIMARY[5] could truncate or extend.