What I've shown in this video is the current Elliot Wave that the market seems to be following. If this continues to play out, a wave 5 drop is yet to come.
TAKEAWAY: The market can have a panic selloff of >20% over the next month.
Thanks! Bull trap being drawn out now IMO. Pullbacks have been shallow for too long. Not sure if we can have a proper 20%+ crash before US mid-term elections Nov 8, 2022. Maybe a small pullback after Quad witching on Sept 16 IMO.
markethunter888
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@TraderV123 I have two timeframes. Either 3 weeks or 9 weeks (mid October)
TraderV123
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@r3anand, I'm looking for 4400-4450 as a top a few weeks from now. Let's see how the week closes.
Brandon388
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Very good
markethunter888
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@Brandonp388 thanks!
Lbjnation
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Even if it’s against the rules, 3200 is coming and it starts tomorrow. This no volume rally was to bring the perma bulls back out.
hasanhusen10
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3 weeks 20 %. God. Good luck that is steeper roads in San Francisco
markethunter888
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@hasanhusen10, haha its either 3 weeks or 9 weeks, those are the only 2 options i see right now