@wolffarchitecture, looks like the correction wave is about to be complete. What do you think?
wolffarchitecture
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Agreed most bullish counts are invalid at this point and this is the most likely scenario. Just wondering if it will role out lower this simply, a triangle pattern is still possible. What is obvious from the volume and the nature of the last two days and the break between crypto and the indices.... retail traders are not participating in this deep pullback ( unless they are selling/ capitulating). This is the market managers sending the market in the direction they need it to go to make $,.... maybe this is all about their massive Friday Put expiration ending in the money (spoked by TSLA good earnings) who knows its their market. Obviously the big boys are n control and the will steer this market as they see fit, if they may want to send it back up to captures more retail trader liquidity before ultimately sending it lower again (which is where I think its heading). ..this is why a triangle may still be in the cards