It's no surprise to anyone that the market has been falling for a few weeks now. I have some sudo good news. The market should turn up very soon, but then go down lower than the recent low and then go up higher than the first time I said it will turn up yet not make new highs and lastly go lower than even the previous low stated before. I have market the 'Lowest possible point' the market is allowed to go according to EW rules and I believe it should not test anywhere near that point.
I will be following up this post with another chart explaining how perfectly the downtrend has been following EW rules the entire time the market has been plunging.
I am open to any criticisms you may have and am more than happy to explain any of my points in more detail upon request.
I will be following up this post with another chart explaining how perfectly the downtrend has been following EW rules the entire time the market has been plunging.
I am open to any criticisms you may have and am more than happy to explain any of my points in more detail upon request.