Note that NO expert in the world is expecting a rally, they are all expecting more death and carnage with no let up.
LONDON FTSE 100 when/if Rally, then targets after completing an alleged 5-wave move down. There should be a 3-wave upmove = rally. The rally will go into the target box. It will end around the 38.2% retracement level marked with 3 yellow diamonds. Sure it can go higher into the box. But my expectation is as shown.
Wave B also has the option to turn into a complex wave itself instead of merely being a zigzag. It could be a triangle which will spread out the time it takes to complete the entire rally. This might be a good thing because the rally should bring some peace and quiet from the corona virus hocus-pocus, asinine, hovine, bovine, typical HERD of cattle response to it. Chinks might be laffing their asses off at how America was sent scurrying indoors into a lockdown.
Chart for rally expectations is shown below on weekly to give a view of the entire wavecount starting from the FIBO-called 2018 Top.
That FIBO, an American called the TOP, might have serious consequences for FIBO hissself. 7th banning? I'm always ready for punishment anyway, my bum is black and blue from all the whippings I've received in this lifetime already in Boarding School. I'm used to it. Trouble just follows a Man of my intemperate disposition.
🙂
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