So good morning all .The spiral turn event 7/11/7/18 turn asi said could be my second pinned tweet . back in late june post . But what next is why your here . first the bullish case . from oct low 2022 cycle we have 5 waves up we should find great support at at 409.5 .382 and wave A of the abc decline was 50 point drop A x 1.618 = a target of 395 this is the worst case target . I lean towards Ax 1.382 in this count for the reason I can still count this as wave 4 . best of trades the WAVETIMER
Note
I can now make a case the correction has ENDED I am now able to feel 90% sure and most who follow me know I most times feel 100 % . that the decline in QQQ took the form of a ABC with two legs down of equality at 420 back . I posted a chart of SVXY tonight on twiiter all should look at it . . I see the drop formed like 2007 july high . Note
I have now moved to the sidelines based on the Yen chart posted I we break down in QQQ from 452 plus or minus 2.5 I would get a wave structure target of 409/407 I will wait for next week to position the next trade Disclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.