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?
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.
Thanks, Steve! I truly appreciate your insights and expertise on EW Theory. While I’m not the biggest fan of TA, there’s something about EW Theory that just clicks with me for some reason!
Keep us updated when you have more information. This is one of two threads i always check!