In this video I give you a rough outline as to what I believe is going on in the economy in general.
There is obviously not enough time to go into all of the small details for every chart.
It's more about understanding that the confluence on each chart leads to the overall view.
That view is that we are heading into a very important time for the long term pattern for each chart.
In summary it appears as though we have only just entered a bear market that will last years.
My observation is that the more a corrective pattern expands the more it needs to correct.
Corrections can be very deep and in some cases up to 100% over long periods of time.
There is no set rule for how deep corrections retrace or for how long.
The probability that you will give back any profits you make without proper knowledge of the waves is extremely high.
Understanding how the waves operate means understanding that each wave component has very specific and unmistakable characteristics.
An extremely strong US Dollar means that everything else will fall in value relative to it.
What I mean by extremely strong it is that the US Dollar is in an impulsive 5-Wave move to the upside.
Whether that be a Wave (C), 1, 3 or 5. If you have no idea which one then you must use the rules and process of elimination.
I am not talking about the corrective portion of it like we have seen in the years between 1985 and 2021.
But instead what we are seeing right now.
If you do not know how to go through the process of elimination it is simply because you do not understand wave components or what to eliminate during that process.
There are 4 stages of competence, I encourage you to rate yourself according to this model in order to gauge your understanding of the waves.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
There is obviously not enough time to go into all of the small details for every chart.
It's more about understanding that the confluence on each chart leads to the overall view.
That view is that we are heading into a very important time for the long term pattern for each chart.
In summary it appears as though we have only just entered a bear market that will last years.
My observation is that the more a corrective pattern expands the more it needs to correct.
Corrections can be very deep and in some cases up to 100% over long periods of time.
There is no set rule for how deep corrections retrace or for how long.
The probability that you will give back any profits you make without proper knowledge of the waves is extremely high.
Understanding how the waves operate means understanding that each wave component has very specific and unmistakable characteristics.
An extremely strong US Dollar means that everything else will fall in value relative to it.
What I mean by extremely strong it is that the US Dollar is in an impulsive 5-Wave move to the upside.
Whether that be a Wave (C), 1, 3 or 5. If you have no idea which one then you must use the rules and process of elimination.
I am not talking about the corrective portion of it like we have seen in the years between 1985 and 2021.
But instead what we are seeing right now.
If you do not know how to go through the process of elimination it is simply because you do not understand wave components or what to eliminate during that process.
There are 4 stages of competence, I encourage you to rate yourself according to this model in order to gauge your understanding of the waves.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser, I suggest using this only as a guide. Always do your own research.
