"As I am a consistent bear on stocks,
It would be remiss of me to mention that the market is down off a gap to a new high.
Todays move could also be viewed as an exhaustion gap at the end of wave [c].
In that case,
we could have an irregular flat complete at the session high of 25973.
If the price continues lower tomorrow to create a further five waves down,
that will strongly favor the irregular flat idea."
Heres the chart I showed;
And here's what happened next;
25973 was the final high for wave '2'.
And then began the largest plunge in the Stock market since the great recession of 2008/2009.
The DOW lost 17.5% in a few short weeks in December!
A total decline of just over 4500 points!
The investment world was blind sided by this move!
But Elliott wave saw this crash coming a mile out!