I read summaries of Goldman Sachs last newsletter from early November and decided to visualize what they wrote about. From their perspective, we are in a consolidation period called Wave 4 before the 5th Wave and final wave up in this sequence. What happens after that is usually a considerable correction, which I assume is what happened in the 2014 retrace. I've read just enough about Wave Theory to be dangerous and this is my first post, so please do not invest with this, rather, just share your thoughts on my effort. Thanks.
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With the retrace that happened with Segwit2x fork cancellation though, it is hard to tell if the Wave 4 consolidation may be muted. Wave 4 consolidation usually occurs more mildly and in a meandering way, than some of the quick sharp moves we've seen.