My prediction from last December has been confirmed and the market has reached a new all time high.
At that time (in December), I was expecting a big flat correction in primary degree, therefore I was expecting the rise to new all time highs to represent the flat's wave B (the second leg of the correction).
I still maintain that prediction, and, as shown in the chart, wave B can now be completed. Besides that, in the one hour chart, one can count a leading contracting diagonal to the downside, in minute degree, followed by a flat correction.
Therefore, now, to complete the flat in primary degree, I'm expecting a big wave C impulse in Intermediate degree headed to new lows, with a target around the 2000 level, near the descending trend line drawn in the chart.
If so, a crash has just started...
Or not...
Take care...
At that time (in December), I was expecting a big flat correction in primary degree, therefore I was expecting the rise to new all time highs to represent the flat's wave B (the second leg of the correction).
I still maintain that prediction, and, as shown in the chart, wave B can now be completed. Besides that, in the one hour chart, one can count a leading contracting diagonal to the downside, in minute degree, followed by a flat correction.
Therefore, now, to complete the flat in primary degree, I'm expecting a big wave C impulse in Intermediate degree headed to new lows, with a target around the 2000 level, near the descending trend line drawn in the chart.
If so, a crash has just started...
Or not...
Take care...
