The opposite Side Of A Wave-5 Rally - Plan B

٢٠ فبراير ٢٠٢٣

I received a question from someone watching my videos/research. The question was, "what is the downside risk for the markets if my bullish resolution fails".

So, I created this video.

This explains why the downside risks appear to be less than 35% right now compared to a 65% to 75% upside price resolution.

Still, using Elliot Wave, we can't be 100% confident in the true future of price structure or wave structure. All we can rely upon is Fibonacci Price Theory which tells us if price is currently Bullish or Bearish.

Right now, on this weekly chart, Fibonacci Price Theory suggests a bullish price trend is in place and recent Unique Low levels are the final defense of support (near $348).

Follow along to better understand how I see/use Fibonacci Price Theory in all of my research as a method of letting price tell me what to expect in the future.

The one other thing I would like to add is all previous market collapse events have aligned with cataclysmic economic events (9/11, Global Banking Crisis, Foreign Economic Crisis, Isolated Credit Risks).

Without some cataclysmic economic event happening, it is very unlikely that US markets would contract extensively without some impulse event. So keep that in mind as we move forward.

Follow my research.