So in spite of the fact that FED begin quantitative easing and rates are close to ZERO, GOLD has not significant increase, that point out to near final reverse and end of wave B. In addition number of BULLS in this market is enormous in comparison with BEARS, that is one of considerable features of the end of wave B. The third factor is that wave 5 in wave B is...
Brent is forming triangle near the strong price level , that points out to short surge.
There is probability, that RUBUSD is just second inner wave of bigger the third wave.
Probable reverse points are between 70,65- 72,02.
if it is triangle and if it is wave TWO the third wave will be dramatic plunge.
So it seems to me, that BTC is in wave C of ABC bigger order now due to too long correction, earlier I considered that BTS was in 3th wave C of almost the biggest order.
I see situation concerning Oil for the next several Years so.
Earlier I thought that S&P 500 forms ABC pattern, but now it is alike 12345 pattern, so situation becomes unclear.
There are two scripts of USD/RUB yellow and RED , so final reversal point will be between 70 - 71.
If my projection regarding S&P 500 is right , I think that ETH will stuck to this SCRIPT.
If my projection regarding S&P 500 is right , I think that BTC will stuck to this SCRIPT.
When you have to sit at home due to quarantine it may lead to very interesting conclusions ))) it has emerged that there is possible alternative script of further development of S&P 500 and it needs all Elliot requirement , besides ratios between waves are too close to 0,618 or 1 , that is very seldom phenomenon. So if this scrip is true it will mean that all my...
I see current situation so.
it is update of my old forecast which turns out right.
There are two scripts white and pink , the main difference between them is how to consider the final reverse of American market during Great Depression whether in 1932 or in 1941. Concerning fundamental factors , there are 2 main factors pointing to dramatic plunge of US economy. The first factor is obvious , COVID - 19. The second one is zero FED rate, so...
I consider that 5-th wave in C is triangle , it mean that we will watch sharp reverse (out from triangle) probably.
there are a lot of evidences , that 5-th wave in C will be sharp drop of price , after which Reverse will be.
So there are two scripts of developing Oil prices. Second one will be issued a little bit later. Regarding this script the final point will be reached at 15-20 price range. After this it might be long price consolidation.