We market our analysis as a Long, because for our opinion, global crisis will be little bit later and longer. Current collapse is too small and in close future will start a new rally
Now everything looks like a finished correction A-B-C But there may be surprises: Wave C may consist of 5 waves To be double and triple zigzag In the case of a triple zigzag - target 1800 (end of 4 wave) The beginning of a bullish trend, we see in the breakdown level of 2700
From 225 to 155 looks like wave C - triple zigzag Very fast and deep correction The long-term flat correction, which we designated as triangle A-B-C-D-E, makes us doubt that the entire current correction, which lasts from 234, is only wave A. Most likely we are facing the end of A-B-C It is possible that the minimum of correction has not yet been passed, but...
The current market situation turned out to be much more serious than it seemed at first glance. The breakdown of the support levels of the S & P500 and NASDAQ indices suggests that the correction that is currently underway is a correction of a higher fractal level. MSFT in these conditions demonstrates amazing resilience. It is rather difficult to give...
We expect a storm in the range of 186 - 177. Next up at 208
Waiting for correction wave C with target 1.15
Waiting for 4400 in first (wave 4) and than down (wave 5) to 2600
If it is a triangle - The immediate target is 26 USD If correction A-B-C 26 USD price will be broken and next target 14 USD Let's wait first 26 USD and will analyze the chart again
It is extremely possible to rebound to level 1.30 - 1.31 and further down The first target is 1.16-1.14
Unfortunately the chart is limited to 1994. We found the data from 1972 and the correction that lasts until now began already then with a peak of 2.63 The correction consists of either 3 or 5 waves (triangle) In this case, the nature of the correction is not yet determined, but waves A (finished in 1985 on the value 1.05) and B (finished in 2007 on the value...
If we take the current position as a new wave, now the stage of correction The impulse is clearly visible (it is A wave), so there must be an A-B-C or A-B-C-D-E correction, with target 2800 and back to 2698
Correction consists of three waves A-B-C Wave A can be either a zigzag (3 sub-waves) or an impulse (5 sub-waves) The events that occurred yesterday by the believer and today at the over-the-counter session (falling to 166) gave a clear signal that the current wave A is five-wave and the target is 150 (maybe even 145) Next will be a rapid rebound to 210 (top of...
Looks like triangle A-B-C-D-E Wave E is triangle and did not finished
The time of global crisis has not come yet. Ahead of us there is a very strong growth. Most likely, the index will double in a short time before the bubble bursts
For finish correction need one more wave down to 23400