BTW, thanks for posting. This is a great chart and gives me hope we might become a rationale market again. This is insanity.
Tradersweekly
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Good one.
VIKINGup
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Thanks to Tanos, i´ll use the red T-line to start shorting with confidence!
thanosk
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@VIKINGup, fine, only money on credit do not ask for me 🤣🤣
panickyOil89129
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On your previous chart it never fell outside the channel and retraced into wave 1. Do you expect this to fall to 13k, bounce to 16k+ then have the crash? Are you basing this on Elliot Wave patterns, and expect to see an A, B and finally C where you have the line of doom?
thanosk
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@panickyOil89129, it doesn't go into wave 1 so it's not Ending formation but still valid just not so low the wave 4. Right now we see wave 5 and then the red arrow I will update !
panickyOil89129
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so by this chart you think a multi year correction puts us down around 9-10k?
thanosk
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hello @panickyOil89129, i think more, take a look at my previus chart.
RT1050
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Hello TK. What do you think after today’s Fed news? Is chart still in play or need revision. Thanks for your great work