Over the past couple days my view has taken a bit more shape. Again, I believe we are completing a wave 2 here. The two scenarios are as follows: A-B-C:Where we are completing 3 of 5 of C. (Dark Red) W-X-Y:Where we are completing 5 of C of Y. (Pink Red) Interesting times.. Will continue to evaluate as price becomes more revealing.
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200 EMA says slow on down.
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The rise to resistance @ 200D EMA may have been our (iv) here.
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Will update a little later today when I have time with a possible count from our most recent price action
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Two options at play here. Option a: Wave (4) [green] was our push up to ~8800 at the 200 D EMA, and we will begin our final descent to completion of wave (ii) Option b: Wave (4) [blue] plays out to our upper trend limit, before heading back down.
Aside from both options, I believe we are quickly approaching our final move downward and completion of wave (ii). Anything sub 8000 should be a strong buy.