As we were discussing on these pages the last week or so, the goal for this 5-th wave was slightly above 0.024. Now, after we reached this level the question comes: what is the next?
First, let us check once again the current 5 waves advance
The wave 4 looks big when compared to the wave 2, right? But as author said in one of the earlier post, he saw already some examples in the past, where the wave 4 was long and boring. Besides, the price stopped right in the area of the previuos wave 4 (see the next chart from the 2-d of Mai and read the text here):
So, one can say, everything went exactly according to the plan and the author should feel happy.
Yes, he partially does feel satisfied and happy, after making this quite complicated call. Though during the process the author was a bit early, calling for the start of this wave 5.
But now it belongs to the past and the author need to keep moving and delivering nice content to the subscribers, which number is constantly rising.
Let us switch to the shorter time-frame. It all comes down to how was the wave 1 formed. If we had a leading wedge, then the wave is most likely over:
If the wave 1, however, was formed in a different way, then we need another high:
As usual it’s better to give the market some time to reveal its plans.
The good news is, the weather isn’t that good anymore in Germany (right now it’s raining and thundering outside), so it’s very likely the author will have time to publish updates over the weekend.
In case you in a better place now, enjoy the late spring, otherwise join the author virtually and let’s wait for a change. Everything is changing =)