capitulation not yet, page-7

Personally i want the SPI to be passing through the 5496 square of 458, which would make it a minor high for me. However if we struggle then 5038 will line up and agree with your low.

I think i have shown this similarity before, but ihave had 2 views for quite awhile now ( safer bet LOL )
1. carbon copy of the 87 forward actions
2. Elliot Wave weekly showing this as 4 and 5 to come. ( pay no attention to the forecast date and price)

To the naked eye , yes its going to be struggle with great trading patterns for some years, however if we break out of traingle somewhere around this time next year - then i would stronger favour a bigger bull run then we just had.

The other major factor i point out on the chart is how important the march low is, if this support is broken then we very well could end up around the 3664, and thats the support line started by the 1992 low.




The 2nd chart shows the triangle of current activites again and in advance apologise it not being lined up properly 26 oct date
More importantly see the Elliot Wave pattern and i have also marked the 458 box finish as well as the levels for the 458 Gann numbers.
So by putting both together, i could argue that we should pass through the 5496 either making it a little high or on its ways to top of triangle again to find resistance.

Again with fridays action we went below the triangle but for some strange reasons it was all dragged back inside the triangle by close, is that the clue ????
Did friday in terms of a candle signal price rejection as per previous lows ??? , im not a candle expert but thats a decent tail
I dont know but time certainly will tell