If not already viewed, please see prior post: 'Timing Tops - 3 items Required'.
Note that there are wave technicians aplenty that likely produce projections with merit. We prefer to use very simple drafting and adjust as needed. Our apologies in advance.
Trend and geometric projection posits the light blue target box. Why start being shy now? This all kicked off in February 2020 (lower chart). So far progress is in keeping on many charts using volatility derivatives, breadth charts etc. so we will continue to speculate using actual evidence-based possibilities. Earliest geometric alignment is at 2032.5 for wave 4 low at 2009 bottom resistance. As waves progress or digress from this, adjustments will be forthcoming. Technical: Strictly speaking, we should not be using non-log overlays on a log chart (0.38 placement) but it looks like those non-niceties still have merit. We await to be corrected.
Added: (i) The 'center zone' consolidation area for the potential wave 3 occupies about 20% of the time of wave 3 which is also not out of sample ranges seen on wave 3's. (ii) The megaphone that looks possible beginning in 2000, if it continues to print, could 'correct' all the way into the target box or stop short of targets and launch into wave 5 (or a continuation of wave 3) relatively quickly into a bullish development. Not forgetting, these are huge time-frames and price moves so perspective will be required.
See Critical Long-Term Review Here
The bots will flag here when they see a top. (1/25/20, 2/20/20, 4/9/20)
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Our favorite go to site- McVerry Report
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