The first six months we grew according to the 2021 pattern. We made a complex five-wave pattern according to Elliot, as in 2021. The only thing we thought was that correctional wave C would go lower, but if by the end of May we still didn’t reach 21,000-23,000, then apparently there was a puncture to 25,800 - that was the entire correction.
Now we believe that the growth will continue, and now it can be compared with the 2019 pattern, only with some differences in the Elliott wave analysis.
In 2019, the first and third waves of growth occurred from December to the end of May, and then the fifth wave of growth until the end of June. Now, in our opinion, a complex five-wave has occurred on the daily chart (from November 21, 2022 to April 14, 2023), which will subsequently be the first wave on the monthly chart. And then we will look at the height of further growth.
In a month it will be more clear what numbers we are going to, while the forecasts have a large range from 55,000 to 180,000, since our team of analysts is arguing about growth targets.
