After a hit off the , we can see exactly where the bulls and bears were at the time, and what they were thinking. I believe, the first down leg I have labelled could have been the impulse leg, and this leg, if retests and stays at current levels, will go down massively into the 3 wave pattern system in play.
After the 3 wave pattern, we should see more and more opportunities to short this into the year next year. And I predict it will stay that way.
Best of luck
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