Another trip to the low 2000s still possible, perhaps later this week into early next week. I'm still interpreting this pop as a corrective b-wave rally, looking to load up long in "Support". Also possible to interpret this pattern as a 1-2, i-ii (not labeled) pointing down of the presumptive B (in purple).
Comments
nick.holland78
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One thing is certain about 4th waves, they're nasty to trade. Several possibilities here as I see them. There's even a wave (b) triangle possibility which I have NOT annotated.