With all the new money in at high levels, a lot of people aren't going to want to sell, and with a lot of old money in really low, there's a huge base of strong hands / hodlers that's been building for a while, although I can see a lot of speculators and institutional money in the space who need to show strong 4th quarter profits might cash out before the holidays. Then they'll come running back in for 2018. ;)
Also as a note I read wave 4 is generally the opposite to wave 2. if wave 2 is energetic wave 4 is flat and vice versa.. Cheers, and good luck taming the beast !
it's amateurish but fulfills the basic criteria.
As for the theory, it changes and adjusts with the market's flow, everything is just indicators with statistical weight based on how they performed in the past. Thanks for sharing too !!