I use fibs to help time markets. Based on this, it helps me see when the moves are coming. Although,I Don't always know the direction. At any rate, the global economy seems to be on glass, and oil is the linchpin. A parabolic move higher could be from an oil embargo or a move lower could be by some major deflationary event. At any rate, Keep an eye on this in April
I was hoping wave 5 would be a move of symmetry measuring the same move as wave 3. The symmetry target also lined up with the 1.0 projection. The move up could be done for now and time to correct the whole move up from the bottom. I wouldnt be mad if price dropped out of the pitchfork and in to that crevice :P
Assuming were in the 5th wave...The 4th wave(complex correction) and what looks to be a blow off top with lower relative strength gives it away. I'm also assuming some symmetry with the 3rd wave and my projected 5th wave. The symmetry target lines up with the 1.0 projection. With current events, I'd expect some global crisis to signal the top