Zigzag down!

2018년 10월 11일

I bet my money on further price declines as I believe we are seeing a zigzag correction unfold. I project its wave B to reach a maximum of 50% of wave A because the latter was rather steep and, as Alexander Elder has wisely put it, "a man who's fallen from the second floor will not walk again for a while." That being said, I'm also conservative as to how far wave C will extend, so I've set my goal to USD6000.00 and will gladly let it run if it extends. If that's the case and wave C is 161.8% of wave A, there'll be a possibility that wave C is then wave 3 of a 5 wave impulse one.