The expected wave 2 correction is unfolding as expected. We are in the last part of wave iii of c and I expect a continuation closer to 15,688 and maybe even higher towards 15,744 to end wave iii and set the stages for wave iv towards 15,569 before the final wave v of c higher.
Thanks for your view of DJI! And how about Crude oil? I think it completed first impulsive wave at last high 98.83 and will start corrective downside move soon. I wonder your count and view^^
ReplyDeleteHi Kwangho,
DeleteI have just updated my view of Crude oil.
I do think it's more likely that wave v will extend, than have ended already at 98.83.
Kind regards
EWS
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ReplyDeleteHey surfer, nice call on February 1st on DJIA. So you're saying there will be a retrace to 15569, then maybe top off at 15,900ish by OPEX Friday this week? Say it totally blasts through 16000 to 16,100, does that signal that a new high may be in? Or a major retraction is coming regardless after this final wave v of C is complete?
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