Now THAT'S a Third Wave!!!
On March 3rd, Global Market Perspective gave this chart to subscribers.
Take a look at the left side of the chart. See the five waves unfolding from Feb '22 to Jun '22?
To Elliott wave traders that indicates that the larger trend is down. So, after a countertrend bounce, the next decline is also likely to form the same five-wave pattern.
Now look at the right side of the chart. See the 1-2 red labels? You know what's next, right? Wave 3 down! And, according to Elliott wave guidelines, 3 is expected to be a strong drop, -- like March and April last year.
Result? See for yourself! Over the next 6 trading days, Schwab collapsed from $77 to $45 -- 41%! Now that's a third wave!
The May issue of Global Market Perspective just published and shows you 20+ 3rd waves that are either imminent or just starting. See the 3rd wave setups now >>