Doing an update on this analysis. We can see it followed the blue line to the point here, even the exact high :). So today it made a nice drop
as well but i don't think it's over yet. This drop
today, will probably be in the shape of 5 waves. With the current correction being wave 4 and then seeing one more, smaller drop
. The last drop
has to be smaller, otherwise the bullish
view i have for the market coming weeks will get in a lot of danger.
On the left we can also see it's still following the "healthy" correction version, which is very good for the mid-term of this market. For more info, i suggest to read the previous analysis as well.
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