Review:
Let’s review the key points of the previous update (November 5th):
Update:
Same as my other updates this week, major change is needed.
Analysis of the Structure:
We have completed wave (I) of a of 3. Right now, I am expecting wave II which I believe would be a shallow retracement.
Analysis of the Cycles:
The trough of October 26th was the first 40W trough of the current 80W cycle.
Let’s review the key points of the previous update (November 5th):
- Wave II of a of y of 2 on Monday.
- Started the second 80D cycle of the current 20W cycle.
- 20D cycle trough: 10th of November.
- 40D cycle trough: 24 or 27th November.
- 20W trough: first week of January.
Update:
Same as my other updates this week, major change is needed.
Analysis of the Structure:
We have completed wave (I) of a of 3. Right now, I am expecting wave II which I believe would be a shallow retracement.
Analysis of the Cycles:
The trough of October 26th was the first 40W trough of the current 80W cycle.
- 40D cycle trough expected on November 27th.
- 80D cycle trough on the first week of January.
- 20W FLD suggests a peak that will happen on January 15th.
- 20W trough expected in the middle of March.
- 40W FLD target is 215.
- 40W FLD suggests the peak will happen in March.
- 40W trough expected in June-July 2024.
