Replies to post #56416 on Simple's Green Room

[daiello]

Dilution is better than bankruptcy.

[stargate]

nice chart - IF the rising wedge is confirmed max should be 1.3860 next week and then 1.40 at EoM (also coincide with fibo)
then crash scenario for 2Q

[gitonwithit]

Nice chart villas! I'm thinking your 1.40 is about right because of the fibo times I posted somewhere a while back. Waves 2 and 4 are usually different. If wave 2 is short, wave 4 is long and vice versa. I am thinking your 1.40 mark should be just about enough to qualify for a longer wave 4 maybe another week? Until it gets to this point here it's pretty much a guess as to whether wave 4 is going to be longer or shorter than wave 2 because nobody really knows whether wave 2 is a short wave or a long wave until you compare it with wave 4. Eventually down further most definitely though.