Steep Dive Ahead?

15 ago 2023

Here is the path if Intermediate wave 3 began after the first hour of trading on August 10. Not only are we possible in the early stages of Minor wave 3 which should see drastic movements, we are nearly in Minute wave 3 of Minor wave 3 which should see a large drop. A midday drop is less likely so this could really be felt with a gap down on Wednesday. Intermediate wave 3 is slated to last 30 to 65 hours which would place the end into later next week. Potential bottoms for Minor wave 3 are on the left and levels for Intermediate wave 3 are on the right. All levels are based on historical data and specific wave nomenclature. A strong amount of models are looking for Minor wave 3 to end below 4400 within the next 2 days, while Intermediate wave 3 is slated to go below 4350 before next Friday. We shall see if this theory plays out as the other ones are almost completely ruled out at this point.