Post
Topic
Board Speculation
Merits 2 from 1 user
Re: 2025 Elliott Wave
by
XenoxCapital
on 15/06/2025, 07:20:27 UTC
⭐ Merited by d5000 (2)
@xxxx123abcxxxx, I've been following you for a while now and I truly admire your work! I've also been working with Elliott Wave analysis for some time, and I believe there are a few points where the wave count might be off.

In my view, we're still within the first major wave, and currently in an extended wave 3. The initial (sub)wave 1 began in July 2011 at $15, followed by a corrective wave 2 — in line with the rule of alternation. This should eventually develop into a complex wave 3 and 4, after which wave 5 will complete the third wave within the first major wave.

See my projections: BTC https://www.tradingview.com/x/ABJGEfVR/ and DJI https://www.tradingview.com/x/ybclgrCG/

After that, I expect a prolonged cooling-off period in the market. If we look at the Dow Jones Industrial Average (DJI) starting in 1896, according to my analysis that was only wave 4 of the first major wave. Wave 5 wasn't completed until 32 years later, in July 1929. What followed was a corrective phase that lasted 32.8 years.

I believe we're entering a similar phase again — and that includes the DJI as well.