Everything explained in the chart. Intermediate cycle's wave 2 ended around 19 in Mar'20.It could not go further below as it was top of sub-wave 1 of {Precision of Mr Elliot-Salute to HIM}
'Then it started A-B-C CORRECTION (Upward) of that move which I believe have already been converted to IMPULSIVE WAVE III !! U NEVER CAN TIME IT EXACTLY RIGHT. But from now on R;R IS UNTHINKABLE. If we assume a 1.618 fib lev, tgt comes to more than 500. W H H H H O O P I N G !!!! Statutory Warning:- This is my personal opinion-not a trading recommendation. Also not for quick kicks.
'Then it started A-B-C CORRECTION (Upward) of that move which I believe have already been converted to IMPULSIVE WAVE III !! U NEVER CAN TIME IT EXACTLY RIGHT. But from now on R;R IS UNTHINKABLE. If we assume a 1.618 fib lev, tgt comes to more than 500. W H H H H O O P I N G !!!! Statutory Warning:- This is my personal opinion-not a trading recommendation. Also not for quick kicks.
