I see a bigger wave one with a long wave 2 correction. According to EW theory there is a rule of alterntion where if you see a long wave then you could expect a faster wave 4 for instance. I think that is what we are seeing here. Everyone is talking about recession 2020. This is what it would look like with a blowoff top close to or at 4000. Then just imagine the huge dump that will ensue.
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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.