After reevaluating my prior elliott wave thoughts, I'm now wondering whether it's more likely that we are actually completing the 4th macro wave, not the 2nd. Do you think the first set (green / pink) or second set (blues) are more likely..? or maybe some combination of both and I'm mixing up macro/micro waves? Looking for thoughts on this. Thanks!
I believe we are finishing the 4th macro. My chart shows possible mid to high 600s if we break below 750.
look at the smaller wave fractals, almost all have this double top pattern to each wave clearly seen on your chart wave 1 . As we move on to wave three we see the same pattern where B wave correction comes close to prior wave. This had been fooling me over the last few months as i kept calling the end of the A wave wave 2 or 4.
If we break 750 then down to 600s, for a buy, i will start buying again starting 690 and below, i agree next stop on positive inflection (wave 5) will be 1330 to 1370 just prior to independence day or early mid july.
chris.volkernick
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@msierra, when you say you will start buying again, are you holding currently and accumulating at dips or did you sell out and will re-enter at that level? just curious
msierra
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chris im holding and adding at 710 to 680
jmC3PO
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4th macro, but we have yet to see 700ish (maybe to 650ish) - where we'll bounce and make our way back towards 1k+ soon. I'm looking at exiting around 1300 either right before, or in early July.
look at the smaller wave fractals, almost all have this double top pattern to each wave clearly seen on your chart wave 1 . As we move on to wave three we see the same pattern where B wave correction comes close to prior wave. This had been fooling me over the last few months as i kept calling the end of the A wave wave 2 or 4.
If we break 750 then down to 600s, for a buy, i will start buying again starting 690 and below, i agree next stop on positive inflection (wave 5) will be 1330 to 1370 just prior to independence day or early mid july.