Thats the problem I have with my wavecount and is the only thing I don't like about it.
If we have completed a Supercycle Degree Wave 2 (Wave 1 high to Wave 2 low took about 6 years), then Supercycle Wave 3 MUST exceed the Supercycle Wave 1 high by such a margin that there's room for Wave 4 to then correct and still remain above Wave 1's top of $150 (or whatever it was). This is an inviolate law of Elliott Wave Theory.
Of course we're talking about 2025 and a larger degree correction will need to still unfold twice for the lesser degree Wave 2 and Wave 4 before we reach the completion of Supercycle Wave 3, but as ridiculous as it sounds we seem to be on an inexorable rise to put oil well over $150 in the mid 2020s.
As I say, I dont like that possibility but the implication remains.
Thats the problem I have with my wavecount and is the only thing...
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