Therefore the price may yet have some way to go over the medium term. However, the magenta iii wave looks about ready to end so a small retrace is about to come in.
Calling it is very dangerous especially when shorting on , so buying the dip may be more sensible (I know! ). Bear in mind any (magenta) wave v could be short before a more significant iv wave (orange retrace).
Please check price action and other indicators, and come to your own conclusions before trading, no guarantees here (otherwise I'd be on a beach somewhere). Most importantly be careful out there, there is potential to lose money very quickly in this market.
I just thought I would add this, which makes this market very scary indeed!