Ignore the current subwaves, and study the two charts below
The first chart is the monthly chart that shows the entire bull market starting from the low of 2008. The big question there is: "Have we completed all supercycle 5 waves" on 2/19/2025?
You then move to the second chart below to see:
1: If market has indeed completed all supercycle 5 waves on 2/19, meaning that big circle green 5 is done on 2/19, then it has high probability to go through a multi-year bear market as presented in red A-B-C.
2: if market has not completed the supercyle 5 waves, then 4/7 low should be green wave iv, and we are going through the green path A-B-C to new ATH.
So, first study these two to really understand the big picture and their relationships, before diving into the small substructure of where we are now.
