The Topping Process
Tops are a “process” and can be difficult situations to analyze, because invariably, they lead to smaller and smaller waves before they ultimately top and turn in the other direction. Smaller waves are more difficult to analyze, therefore raising risk.
At tops, the balance between bulls and bears is just about even. Volume is typically low, and wave structures become more difficult to read. Analysis takes longer and can result in less clear outcomes, with lower levels of confidence.
Tops also bring to the table “uncertain” patterns, such as triangles and ending diagonals. The uncertainty comes from the fact that the sub-waves within these patterns are in “threes” — corrective in nature.
Finally, there is often a prevalence in final fifth waves for a slight “truncation” — a wave that doesn’t fully play out. However, from my experience, there is not an actual “truncation” in terms of the subwaves not tracing out; it’s simply a case of the final wave shortening the subwaves, so they look like a “three” or are even more difficult than that to define.
The point here is that waves in the market ALWAYS play out and tops and bottoms are, for the most part, predictable. Therefore, black swan events don’t exist to anyone who understands how the market moves. Black swan events are supposed to be unexpected. What hilarious at the present time is how many people are calling for a complete collapse of the market to zero. They are “expecting” a black swan event that, by definition is unexpected.
“At the extremes, the herd is always wrong. One should not under estimate its capacity for stupidity.” — The Secret Life of Real Estate, Phil Anderson, p 329
What all this talk does in reality, is signal that the market is at a turning point and is about to change trend, which is, in fact, the case.
We’re getting closer and closer to a turn. DXY, the US Dollar Index, is in a small fourth wave of the fifth. It’s lining up with ES, which this weekend, is partway through a small fourth wave of its C wave, with more to go. This leaves one more small wave up for ES before a turn down to a new low and it leaves a bit more downside for DXY.
Reaching these targets, which I expect to happen this week, will lead to a final fifth wave down to a new low for ES and a final fifth wave up to a new high for DXY.
I have long said that I expect to see the Emergency Broadcast System fire up at the bottom of the fourth wave in ES, a 6.5 month corrective wave down which has been in progress since the beginning of January.
______________________
The Corruption is Through the Roof!
This lady was beaten up by six corrupt Calgary police in her home for doing nothing but speaking the truth.
I’m getting this blog post out late tonight due to the fact that I’m working today on a Cease and Desist order to three doctors in the mental health unit at Rockyview Hospital. Here we go again! My previous two Cease and Desist orders were highly successful, one to RBC and the other to ENMAX, Calgary’s electricity company own by the CITY OF CALGARY CORPORATION.
This new one is because of a lady who recently became an acquaintance through the Telegram application online (she’s fully “awake”). Here’s the third example of the corrupt Deep Staters weaponizing the mental health department, locking someone up without any authority to do so, clearly outside the law (in this case, the Alberta Mental Health Act).
Unfortunately, her sister is linked to freemasonry and had six police raid her home (she’s 170 lbs, 57, and lives alone), beat her up and shovelled her off to the mental ward of the local hospital, totally illegally. They’re keeping her there outside the law because she believes in aliens, and that urea can help cure Parkinson’s disease (which comes from a 2016 medical study, the results of which are easy to find online), and, oh my goodness, because she has become a sovereign citizen through the common law court in the City of London, now a bankrupt city-state. And that’s all they have according to the assessment document I have in my possession.
So, now you can be locked up for having a differing opinion than the attending family doctor, which is all this woman is, who did the assessment. It’s unbelievable the corruption going on. So, I’ll be attempting to visit this hospital to serve yet another Cease and Desist order and either free this woman, or happily inform them all that a military tribunal is coming very soon to a hospital very near them.
Everyone should be ABSOLUTELY OUTRAGED that this kind of things goes on anywhere, but in Canada? It is certainly domestic terrorism, and a crime against humanity, in a time of war, under martial law, which constitutes it as a war crime.
_______________________
Emergency Broadcast System on Deck
Last week, I shared some dates for EBS. July 11 was an important and that was partly because of the Restored Republic Situation Report and all the memes and clues that are circulating throughout the Telegram app, which is one of the only places on Earth that allow free speech. You can see an example of a 7.11 “meme” of sorts. Another one is below.
You’re likely thinking that “if that’s a date, we’ve already passed the July 11th date. You would be correct if you’re talking only about our Gregorian calendar.
But, I’m written before the importance of Julian calendar dates, because we’re moving to the Julian calendar, likely right after the Emergency Broadcast, ten day event. It just so happens that July 11 on the Julian calendar is July 24 on the current Gregorian calendar, and that’s this coming Sunday. Watch for the public death of Queen Elizabeth this week sometime, as it’s a key indicator that the EBS trigger is likely three days later. I’m thinking either Thursday or Friday for that.
These “signals” are all over Telegram.
There’s a major train strike coming Monday, July 18 in the US which will halt all trains, apparently. There’s a strike of 400 pilots out of Atlanta, apparently. Tonight, there’s a story of an impending pilot strike at Canada’s Westjet. The signs are mounting that this is the final week.
We’re in the middle of THE STORM, which is a period where the focus is mass arrests from unsealed indictments. There are hundreds of thousands of them and each indictment can name up to one hundred people. I expect it to continue though this coming week, and also likely during the period when the Emergency Broadcast System plays (starting July 11?).
NOTE: It turns out that July 11 is most likely a date in the Julian calendar (we’re in the Gregorian calendar, but we’re going to change imminently to the Julian calendar). July 11 in the Julian calendar is July 24 in our current Gregorian calendar — in fact, next Sunday.
I’m again hearing of planes and trains shutting down. There’s a train strike looming in the US, starting Tuesday, July 18. There are many signs now that this is the final week we’re entering before the big shutdown. The internet will “go down” for the period of the video playback, ten days of the Emergency Broadcast System, perhaps starting next Sunday, July 24).
This is going to be another week of major declassification and exposing the corruption of the Deep State, similar to this past week. It’s getting very close to the end for the fake Biden regime.
Take, for instance, the January 6 Unselect Committee witch hunt, which is a partisan attempt to create a coup, by drumming up charges to arrest Trump. It is being exposed and I expect the tide will turn for good this coming week (I think we’ll see a crescendo in this witch hunt ). We’re still, of course, waiting for the public announcement of the Queen’s death. That’s the BIG EVENT, for so many reasons.
Note that President Trump Arizona rally for Saturday, July 16, suddenly got postponed (to honor the recent death of his first wife, a rather flimsy excuse, if you ask me) to this coming Friday, July 22. That’s the night you’d expect the infamous tweet from Trump. And I believe this would be the first Friday rally.
On the DECLAS situation, there are lots of other “stories” out there that need to be resolved, so it looks like another really interesting week. You must have noticed that more and more is coming out in main stream media.
Grab your popcorn. This should be another good week for the truth!
Communication Darkness
During those 10 Days of Communication Darkness, the following things will happen. We will receive 7 “Trumpets ” aka EBS text messages on our phones alerting us to tune into our TV at this time. Our phones will only work for 911 and we are informed the Signal App, which is military encrypted will be available. Our TVs will only show 3 explanatory movies on a continuous loop for the 10 days. It will cover topics of Arrests,, tribunals, fraud corruption , pedophilia etc.
Our internet will not work during that time. Our ATM’s will not work. After the 10 days of Communication Darkness, we will connect to a new quantum internet.
People are urged to stock up on at least three weeks of food and water. We’re promised the new Starlink Internet System by the end of the month.
The teams coordinating this important historic event are currently revamping the E.B.S to ensure the utmost security for all involved so remain patient as things get finalized. They want to make certain there are not any interferences of any sort at all. Those making the plan want no one to panic because it’s simply the release of the truth.
After the E B S finishes, and we’ve gone through the 10 days mainstream media blackout, and sat through all the 24/7, (eight hours long movies), do we go back to normal like business as usual?
Answer is: After E B S and the 8 hours long 24/7 movies, everything will change. The life support, attached to the old and evil systems will be pulled. Humanity, and planet Earth simultaneously move to quantum reality consciousness system (Peace and Prosperity). It will mark the end of financial and human consciousness-enslavement. Old systems of Government, Education , Finance, Health, Trade and Commerce etc., will all be dismantled and replaced.
We will have new currencies worldwide that will be gold-backed.
The time is now to alert as many who will listen. Do not have too much pride. Go warn those you love even though they think you’re crazy. Your goal for others is truly to help absorb the shock of what is coming.
Following is a repeat of a message from the Q Team that has been out there for over a year (there were several delays, which I think added about a year to the military operation).
“My fellow Americans, over the course of the next several days you will undoubtedly realize that we are taking back our great country (the land of the free) from the evil tyrants that wish to do us harm and destroy the last remaining refuge of shining light. On POTUS’ order, we have initiated certain fail-safes that shall safeguard the public from the primary fallout which is slated to occur 11.3 upon the arrest announcement of Mr. Podesta (actionable 11.4). [“podesta” is an Italian word meaning “chief magistrate” and, in the case, most likely is referring to Barak Obama”].
Confirmation (to the public) of what is occurring will then be revealed and will not be openly accepted. Public riots are being organized in serious numbers in an effort to prevent the arrest and capture of more senior public officials. On POTUS’ order, a state of temporary military control will be actioned and special ops carried out. False leaks have been made to retain several within the confines of the United States to prevent extradition and special operator necessity. Rest assured, the safety and well-being of every man, woman, and child of this country is being exhausted in full. However, the atmosphere within the country will unfortunately be divided as so many have fallen for the corrupt and evil narrative that has long been broadcast.
We will be initiating the Emergency Broadcast System (EMS) during this time in an effort to provide a direct message (avoiding the fake news) to all citizens. Organizations and/or people that wish to do us harm during this time will be met with swift fury – certain laws have been pre-lifted to provide our great military the necessary authority to handle and conduct these operations (at home and abroad).”
The Scare Event is Still to Come
THE EVENT continues to slowly ramp up. Exposure daily of more and more corruption is leading up to it — it will culminate in the death of the Queen at some point soon, mostly likely this week, and that will roll into the Emergency Broadcast System being triggered.
I expect this event to include additional high profile arrests, the scare event, which is supposed have a nuclear stand-off as part of it, and a number of satanic building around the world being levelled. This past week, the satanic Georgia Guidestones were levelled by Rods of God, as well as an obelisk and buildings in Italy near the Vatican.
We are going to see a ramp-up to an atomic war, as I write this, seemingly between the US and Russia (yes, the big bad bear … Russia!). And, we’re going to see a new mandatory worldwide vaccine initiative that will force a quarantine and lockdown to get people off the streets and into their homes. This is very important, because mass arrests will be happening and they don’t want any interference. They also, of course want as many eyes as possible in front of television sets … around the world!
Remember, white hats are behind all of this; it’s a staged event to scare people awake and get them to a safe place while a major “clean-up” takes place.
We have potential public arrests of Obama, Gates, Trudeau (this will be a BIG ONE), and a few more high profile satanists. We’re in the end game, but it’s a meticulously structured plan and it will play out based upon the decisions of the US Military and Allied Forces.
I’ve been saying for many months that the heavy lifting in terms of tribunals and executions has already been done. We’re now down to the middle level players and front line. Last week, I provided a list of executions, which was only a small portion of the actuals. Most of Hollywood is gone, for example.
I also keep reading about Project Blue Beam (a fake extraterrestrial appearance with perhaps a mothership appearing over a major US city), which is the same technology they used to create the images of planes flying into the World Trade Center in 2001. Those three buildings imploded, of course, nothing to do with what happens when a mostly aluminum plane hits a reinforced steel building.
We’re close. We’re counting days at this point.
Apparently, the internet will be down during the ten days of video playback, so I would suggest that we be out of the market once we hear the “seven trumpets” (alerts on cell phones) that will precede the start of EBS.
There’s a LOT of information in the Situation Report file here:
Situation Report for July 17 PDF for download.
______________________
Looking at THE STORM and Upcoming Events
We still have these major events still to go. I don’t know what the timing will be, but it will start to get obvious in the coming days, I think.
We’re now in the GREAT AWAKENING phase, but THE STORM is still underway. Some of the expected events below have happened (GREEN CHECK MARK) and some are in progress:
-
-
(in progress) WW3 Scare Event. Nuke Sirens: This is the Russia/Ukraine false flag war. The real end target it Israel. It’s the rathole where the Zionists live (they own main stream media), the Mossad hangs out and the last of the Kharzarian mafia (the Rothschilds, and friends). As the Q Team has always said, “Israel will be last” and the buildings that are “going down” and imploding, meaning they’re pre-wired with explosives).- Changing over to Tesla Free Energy (this will require power to go off around the world, but it will be a short blackout)
- (partially complete, but don’t know the count) 34 satanic buildings & dams bombed — I think some of these buildings have already been taken out. They appear to be part of an energy grid system that has keep the natural energy of the Earth suppressed — much more on this to come. The White House is going to be imploded; it has already been wired up with explosives. ** The Georgia Guidestones were destroyed this week, along with an obelisk and nearby buildings close to the Vatican, in Italy.
- (Reports are that this has happened.) Breaking of the 3 Gorges Dam in China. There’s major flooding in China this past week and this week. This dam sits above Wuhan and the plan is that the water from the break will destroy the Wuhan lab, which has a link to US Big Pharma, and will be the beginning of the end for them. Bitcoin Servers turned off (99.5% of Crypto gone China Coins) — this involves the dismantling of 24 nuclear reactors under the dam that provide the electricity for Bitcoin. This is going to be cover for the breaking of the 3 Gorges Dam.
- (now in Ukraine, Canada, US and possibly some other countries) Martial Law — for the ten days dubbed “ten days of darkness,” and beyond. It will likely stay in place much longer as the cleanup continues. Actually, it should be called “ten days to the light!” It will be the Great Awakening as we see round the clock video that explains most of what’s been going on the last 5 years to overthrow what’s been going on for two thousand years! — the Illuminati.
- AND, of course …. GESARA (which officially came in on Feb, 22, 2022 in Canada).
-
This is THE STORM/GREAT AWAKENING. They want you to stay at home during the EBS period. We’re likely to see more visible signs of military. Keep stocked up for two to three weeks. Arrests will continue during the EBS playback.
__________________________
Enjoy the Awakening!
Know the Past. See the Future
_____________________________
Webinar Playback: Elliott Wave Basics
If you’re new to the Elliott Wave Principle, or even fairly comfortable with it, this webinar will give you a solid introduction and comprehensive understanding of the difference between trending and counter-trend waves, the various patterns for both types of wave patterns, and a good overview of how fibonacci ratios determine trade targets.
This is link to the YouTube playback video, allowing you to review, stop and start, etc.
____________________________
Want some truth?
My new site now has several extensive newsletters in place. Videos now explain the banking system and deflation, and I’ve provided lists of what to do and what the start collecting in preparation for the eventual downturn, which will last for decades. The focus of my new site is now to retain your wealth, plan for deflationary times, and stay healthy in the process. I’m also debunk a lot of the propaganda out there. It’s important to know what’s REALLY happening in the world today. This has all been predicted and we know how it’s going to play out. Getting to the real truth, based on history, is what I do, inside the market and out.
To sign up, visit my new site here.
All the Same Market.
I’ve been mentioning for months now that the entire market is moving as one entity, the “all the same market” scenario, a phrase that Robert Prechter coined many years ago, when he projected the upcoming crash.
We’re in the midst of deleveraging the enormous debt around the world. Central banks are losing the control they had and we’re slowly sinking into deflation world-wide, with Europe in the lead.
The US dollar is fully in charge of both the equities and currencies markets. They’re all moving in tandem, as I’ve been saying since September of 2017. Over the past three years, their movements have been moving closer and closer together and one, and now they’re in lock-step, with the major turns happening at about the same time.
it’s challenging because often times currency pairs are waiting for equities to turn, and other times, it’s the opposite. The other frustrating thing is that in between the major turns, there are no major trades; they’re all, for the most part day-trades. That’s certainly the case in corrections, where you very often have several possible targets for the end of the correction.
We’re now close to a turn in the US indices, currency pairs, oil, and even gold. Elliott wave does not have a reliable timing aspect, but it looks like we should see a top very soon.
_________________________________
Rise above the rest … SM 2
 | Rise above the rest …I have only ever met a few people who, in their chosen fields (astrology, medicine, music, martial arts, technical analysis), rise above all the rest and you are one of them…you have ‘the gift’…and that’s why I’m a Trader’s Gold member. —SM |
the real deal SM 2
| The real deal …‘Educational, insightful and thorough market analysis for all levels of traders. It’s Elliott Wave at its best….Peter Temple is the real deal’ —SM |
Couldn’t be happier … KK 2
| Couldn’t be happier …The analysis and insight you provide is simply amazing! I’ve been trading the futures and equity markets for well over thirty years and usually average around 5% monthly. Since joining your Traders Gold Service two months ago, that number has better than doubled. I couldn’t be happier.—KK |
Get an upper hand … JC 2
| Get an upper hand in trading …Seeing all the different currency pairs and the wave structures and hearing you explain why this has to do that on a nightly bases gives one a upper hand when trading. Elliott Wave applies to all stock and indices and can be applied to any candlestick chart. If someone ask what you want for Christmas – Tell them a membership to Peter’s “Traders Gold!”—JC |
Tops in your field DZ 2
| Tops in your field …You are tops in your field. Tried to follow Elliot Wave international for years. They were always behind the market. After discovering you, I perceive that you are an expert in reading the waves, which puts you way ahead of the rest of your peers. And you can read the Waves like you are reading tomorrow’s financial section. I pray you stay healthy. —DZ |
The best of them JL 2
| The best of them …Last couple of years, I subscribed to several ‘market traders’. You are by far the best of them and the personal contact is awesome. Daily and daily updates are very well written! Besides your expertise in EW, I also like your cycles analysis. Best investment I ever made! —JL |
A true expert in Elliott Wave FL 2
| A true expert in Elliott Wave …You are a true expert in EW analysis. What you provide is not available anywhere and is priceless. Subscription on your services is the best thing I have ever done. Many thanks for your effort to make me a better investor. I now have more trust in my investment decisions. I hope you will continue the excellent work! —FL |
Have not had a losing week RW 2
| Have not had a losing week …I have been with Peter almost a year. The only thing that matters is have I made money with his service. I think I have finally turned the corner using Peter’s EW. I have not had a losing week in the last 5 months. Thanks Peter, for your amazing amount of hard work. —RW |
US Market Snapshot (based on end-of-week wave structure)
This chart is posted to provide a prediction of future market direction. DO NOT trade based upon the information presented here (certainly NOT from a daily chart).
Above is the daily chart of ES (click to enlarge, as with any of my charts).
Thursday and Friday of this week gave us the rally I called for In my Wednesday night video. Both ES and NQ had been moving lower in a corrective B wave for the past week. The general sideways movement has gone on for much longer. The ending diagonal we're currently trading out in futures has now lasted two months, certainly the largest one of these patterns that I've ever experienced.
We still have higher to go, though, and we rally in the final wave that could make it to 3900 in ES, but doesn't necessarily have to reach that level.
Then, we're looking for the final fifth wave down of the ending diagonal to finish the large fourth wave we've been tracing out since the beginning of January, at this point, 6.5 months in duration!
The timing now is the correction. At some point this coming week, the market will roll over as one and we'll see this final wave to the downside unfold in three waves.
I've said for months that once we reach a low, or start heading for a low, the Emergency Broadcast System won't be very far away, and that's still my thinking.
We're at a point now where events that happened long ago are unfolding for the public now and one or two of them have the potential to move the market, so I expect the turn down will be triggered by an event. This promises to be another very big week in terms of disclosure.
Once we have a confirmed bottom in place, we'll be looking for a wave up in five waves to, most likely, the 5,000 level in the SP500.
___________________________
Summary: We're more or less at the bottom of the fourth wave, but it is not technically complete. We're in ending diagonals in futures with the US Dollar index (DXY) in a coinciding, but small, fourth wave. Ending diagonals are ending patterns and warn of a trend change once they have fully traced out the pattern. We're expecting a final new low in futures, to come down in three waves.
When the bottom of this large, five-month-long fourth wave is confirmed, it will lead to the final fifth wave up to a new high and end the rally from March 2020.
The extremely large, corrective rally up from March, 2020 is a zigzag, as was expected (a 5-3-5 pattern). It will eventually completely retrace to the downside.
Once we've reached an area below 2100, we'll turn back up to climb to a final slight new high in a fifth wave of this 500 year cycle top.
_______________________
