Wave 4 hit today, and wiped out a lot of people.
Wave 4 will likely be a complex correction, as wave 2 was simple.
Potential rally to 2514/2522 levels, but could be VERY stochastic afterwards. I'd advise waiting this one out, or playing further out. Wave 5 is on the way, and it should extend.
Trade safe. It only gets scarier from here.
Comment:
Perfect lineup with the fib time - absolutely brilliant. I've been telling everyone, but I'll repeat myself - please do NOT attempt to trade wave 4. Not worth the risk, ever. Wait until wave 5 confirmation, ride it gently down.
Comment:
This will either be a wave C charge up to the 1.618 ratios, or become increasingly complex. Once again, not worth the risk. See them as entry points, buy puts out FAR.