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Strategies & Market Trends : CFZ E-Wiggle Workspace

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robert b furman

skinowski

From: kckip	4/22/2025 9:01:54 PM
	2 Recommendations Read Replies (1) of 41420

this ain't wiggles, but....Edit 3 below....the purpose (or ideological herd mentality) of a "second" wave is the over-riding belief (or doubt) that the counter trend anti-wave movement is real and continuing....that bounce back should be sold (or bought). We are potentially here....the recognition (3rd) wave should follow...... Right now, we are sitting on ~0.618 retrace out of the Oct 23 low, 0.50 retrace out of the Oct 2022 low, and less than 0.382 out of the Mar 2020 low. Markets are definitely correcting an impulse wave at significant degree, but it is far from clear at what degree. Around 4800 is a key area out of the 2020 low, 4600 could potentially be another key overlap out of the 2023 low......we will see, but so far it's a larger degree wave correction until proven otherwise. edit: we still haven't taken out the April low - so far just an A-B-C (three wave move) down and in a potential second wave of a new impulse right now (that's the optimistic view). <g> Edit 2: sorry, this speculation belongs on your other thread <g>

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