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To: Mongo2116 who wrote (6973)7/22/2023 10:24:38 PM
From: #Breeze3 Recommendations

Recommended By
DD™
Mongo2116
rdkflorida2

  Respond to of 7554
 
Mongo, I've modeled a progression of his latest wave count. And when I post it everyone will see the ridiculousness of his revised bearish wave count. He relies on folks lack of understanding of Elliott Wave which is why he gets away with posting such charts without being called out. Breeze



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

Recommended By
DD™
rdkflorida2

  Respond to of 7554
 
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