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Strategies & Market Trends : Elliott Wave and Index Trends with POKERSAM

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From: POKERSAM9/29/2021 5:54:35 PM
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After the first 5 waves down off the ATH an old friend posted this:

"5 waves down from the ath is complete....watch the sky" 9/22/2021

I think a little lesson in the proper usage of Elliott Wave Principle is in order.

Whenever you complete 5 waves down off an all time high you will get a three wave correction which corrects the 5 waves down. This correction will be followed by another 5 waves down. When this 5-3-5 is complete then you will learn if the whole decline off the ATH is a 5-3-5 correction OR a trend change to down.

The advance after the 5-3-5 off the ATH will be a wave four of a this new trend down OR the beginning of a continuation upward to a new ATH after a three wave correction within the continuing uptrend. Remember this when we get there.

I am confident my old friend will be touting a blast off to a new ATH all the way down. The little bounces gets em every time. LOL. He has already called a bottom several times.
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