correction should be simple having had so many combinations.

We have reached the targets for iii of (iii), it could go higher before wave iv stagnation and then v of (iii) could take us much higher still, my guess is $1500 or so. Then we will have wave III, IV and V which will take longer. Thats all that we could really say for now.

not much point until things start to unfold toward that target.
If I knew it would be this week I would let you all know of coarse.

within weeks

Happy bubbles everyone looks like this is happening. Target for 3 would be 8000-9000 yuan at a glance.

bad timing on that one eh,

This downside move was an impulse and it's broken some important levels. big time sideways should follow, downside risk is higher now

Now that this abc is behind us in clarity we can play with the idea that this could be a grand wave iii following a wave ii. Not necessarily but I dont see why this is a lesser count given what is behind us.

700 is a fair target, 700-800 range is asking a bit much from a guideline.

The impulse had many primary wave extensions which is why it seems it has bottomed on just one sharp fell swoop. Having gone too far none the less I think the bottom very probably in.

We know theres a bottom here because of the triangle. We know abc's retrace at least 62% as a strong guideline. Not to mention that the abc could have been a wave ii of sorts.

It was clearly a triangle breakdown which means that we will very likely revisit the area of the triangle and probably above when this all blows over. This could be continuation or corrective and I dont have information to support either yet.

If the breakdown is a typical impulse the unorthodox bottom is likely in regardless of weather a fifth wave will arrive. If its a combination (less likely) then we could grind a bit lower over much time. I think the market is saying do not touch until we have formed a new structure from here.

Thanks.  

If you made big profits from my analysis you're welcome to put a tiny bit in here 1Hyit1R9hd1WS58CtNdAUqhM7BknKx5i1N


where points b and d coincide... this is known as a barrier triangle. the earlier triangle I posted wasn't exactly right, its seldom perfect. just use your eyes and dont rely on exactitude.

BUY @ 541.43

 

WE WILL UPDATE FOR LAST TIME (please) 

Triangle revised, same story but SHARP since its an eg type.

SELL @653.48

It appears that this triangle has turned to become a B wave of an ABC which is a most interesting twist. Targets of wave C could be 3000 yuan or so.

If the largest picture is a combination then the guideline is that "combinations tend not to slant against the trend" meaning that we should test the highs before testing the lows. this would be true if the larger picture was a flat as well. This is why I think that testing $1000 is not improbable if this is a wave V in progress.

I agree Rynin not counting for the new bubble yet. however being in logarithmic airspace I think we are still in the woods for targets for V.

Not read that book... just the pretcher. Maybe I should 

Tzupy the impulse was a of abc.

Seems like a wave IV triangle is formed. Break above 4550 again and it could be the beginning of a wave V that could go very far.

Dont know how I slipped so much? do you have me down last trade as a BUY?