What if I've been wrong on equities, unlike gold or currencies, because I thought we were in the wrong phase of the Elliot Wave?
This analysis shows that whatever wave we are in is nearing a 1.6 Fibonacci relationship to the initial large wave (viewing in monthly scale).
If that's the case, then expect today's down-turn to be temporary and for the market to continue to climb before turning down at the Fibonacci extension of wave 1 to, finally, end wave 3...we'll see...
This analysis shows that whatever wave we are in is nearing a 1.6 Fibonacci relationship to the initial large wave (viewing in monthly scale).
If that's the case, then expect today's down-turn to be temporary and for the market to continue to climb before turning down at the Fibonacci extension of wave 1 to, finally, end wave 3...we'll see...
