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Pastimes : Da_cheifs vomitorium

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To: Mongo2116 who wrote (6973)7/22/2023 11:02:41 PM
From: #Breeze2 Recommendations

Recommended By
DD™
rdkflorida2

   of 7553
 
Mongo, PS is now aware that his ABC wave bearish count is a bust. So, on Friday he posted a revised bearish wave count. I’ve modeled the progression of his wave count to its conclusion of a price for Super Cycle (II). And that price is 282.82. Not a typo. This his most absurd wave count to date.

He posits that Cycle Waves [1} and [2] are complete and Cycle Wave [3] is in play.

I’ve modeled the price for Cycle Waves [3], [4] and [5] and that would conclude Cycle Wave [A] at price of 1782.

Then a Cycle Wave would retrace 50% of the Cycle [A] decline to a price of 3297.81.

Thereafter, a Cycle Wave [C] decline (whose magnitude would equal Cycle [A]) will conclude at a price of 282.82 to conclude Super Cycle (II).

Here's that modeled wave count.

tradingview.com
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