Valutions
Undervaluation = Range between 750 and 1,5k is cheap
Neutral = range around 3,5k is neutral
Overvaluation = Range between 7k and 14k is expensive
Elliot waves
Long term
I believe that the bearmarket completed wave 4 to start the 5the wave this 4 year cycle
With this count as a bias you can measure some targets
5th wave 1.236 tot 1.618 Fib extension form wave 4
1.236 = 7k
1.618 = 14k
Medium term
if wave 4 ended on the 750 low we can assume wave 1 intermediate has finished
and is still correcting in the 2nd wave, expecting a retest of support area and trendline,
if we correct to that area you can measure some targets for the 3th wave
3th wave 1.618 tot 3.236
1.618 = 3,5k
2.618 = 8k
3.236 = 14k
Undervaluation = Range between 750 and 1,5k is cheap
Neutral = range around 3,5k is neutral
Overvaluation = Range between 7k and 14k is expensive
Elliot waves
Long term
I believe that the bearmarket completed wave 4 to start the 5the wave this 4 year cycle
With this count as a bias you can measure some targets
5th wave 1.236 tot 1.618 Fib extension form wave 4
1.236 = 7k
1.618 = 14k
Medium term
if wave 4 ended on the 750 low we can assume wave 1 intermediate has finished
and is still correcting in the 2nd wave, expecting a retest of support area and trendline,
if we correct to that area you can measure some targets for the 3th wave
3th wave 1.618 tot 3.236
1.618 = 3,5k
2.618 = 8k
3.236 = 14k