Hopefully people remembered my last forecast on BNF. We must read mkt minds before it reverse. HERE IS MY TAKE. 4th wave bottom has been made. My belief is coming from the fact that correction so far has been more like TIME CORRECTION. I have given alternate count in highlighter,but that is violating or not so compatible with Elliot theory to convince me(eg subwave 3 just few pts plus subwave 1). Most of the traders are going through my alternative count suggests & thinking wave c started & further huge downside open( I also was thinking same-but this is highly improbable as EW is being compromised to accomodate our stance-CAN NOT BE ENTERTAINED eg sub wave 3 of final 5 is just few pts higher than sub wave 1 & alsosub wave 2 & 4 are not following ABC stictly as per EW in one degree lower TF the).Some more pertinent thoughts :- CORONA bottom( unknown existential crisis) of Mar'20 took only 60 bars/85 days & wiped out 50%(32613-16116) while this correction ( war,inflation (all known enemies driven)) is already 90 bars/130 days & only-BEHOLD 9% from ATH even after so much HOOPLA of TV experts!! Assuming mkt had prior knowledge (as a hardcore believer of technical analysis I beleive mkt always has)what is coming,we should have been @ 10k. SO NO NUKE IS COMING in the worlds way & THINGS WILL LOOK BRIGHTER SOONER THAN U HOPE. Disclaimer:-VIEWS are personal not a trading recommendation. Trade as per your own method/understanding. NB:PL go through the linked ideas to understand the thought process.
